Iowa unemployment rate holds steady at 2.9 percent

Klein Tess

Last February, the jobless rate in the state, was 5.4 percent.

"2017 was the first time since 2000 in which the monthly unemployment rate remained below 4 percent for the entire year in the Commonwealth".

Wisconsin's Republican Gov. Scott Walker could barely contain himself with the news Thursday that Wisconsin's unemployment rate hit a new record low of 2.9 percent.

The number of people employed rose by almost one million in 2017, reaching 28.2 million people and moving the employment rate to 47.1 percent with a 0.8 percentage point annual increase. The Illinois unemployment rate is down -0.4 percentage points from a year ago when it was 5.1 percent.

Total non-farm employment in the county increased by 11,500 jobs, according to the state, leaving the total non-farm workforce at 1,463,700. More people are working, and our economy is adding jobs. An estimated 4,728 more Hoosiers found work, and 2,243 stopped seeking jobs.

However, the state's falling unemployment rate hasn't translated to better performance in job growth compared to other states. Jobs losses occurred in Construction (-100), Financial Activities (-100), and Trade, Transportation, & Utilities (-400).

Private sector service industries were down 3,600 jobs. Retail was down 2.3 percent (-800 jobs). The U.S. growth rate during the same period was 1.7 percent.

Minnesota continues to have a lower jobless rate than the nation as a whole.

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Government and leisure/hospitality both added 2,600 to total 252,400 and 189,800, respectively.

Information lost 300 (-0.3 percent) jobs over the month. Zeller said looking at the calendar year 2017, OH didn't have any net job growth.

Government added 600 (+0.1%) jobs over the month.

Indiana's labor force had a net increase of almost 2,500 over the previous month, which was a result of about 2,250 unemployed residents no longer seeking employment and a more than 4,700 increase in residents employed.

The North Carolina Department of Commerce says the rate has been 4.5 percent since last October. Non-seasonally adjusted data showed more than 676,000 employed countywide, with 29,600 unemployed. "Once again, we can announce that we have the fewest number of unemployed people in history".

"Ohio is continuing to see positive job growth path, yet an unchanged labor force participation rate is concerning as it shows some individuals are discouraged from job searching", said Andrew J. Kidd, an economist at The Buckeye Institute, said in a news release.

Local area unemployment statistics for February 2018 will be released on Tuesday, March 27, 2018.

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