Unemployment Dropped in 43 US States in January

Unemployment rates fell in 43 U.S. states in January as more Americans began looking for work and most quickly found jobs.

The Labor Department says the unemployment rate rose in just one state — Iowa — where the rate increased to 4.3 percent from 4.2 percent. That’s far below the national rate of 6.6 percent that month.

Twenty-three states reported more hiring in January, while 27 said that the number of jobs fell. Harsh winter weather weighed on hiring nationwide, with employers adding just 129,000 jobs that month, below the average monthly gain of about 180,000 in the previous two years.

Rhode Island had the highest unemployment rate, at 9.2 percent, while North Dakota had the lowest rate, at 2.6 percent.

via Mainichi

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.