The West continued to report the highest unemployment rate inthe nation -- 5.6% in October -- thanks to Washington and Oregon,which posted seasonally adjusted rates of 6.6% and 6.5%,respectively.
Nationwide, 33 states posted higher unemployment in October thanin September, eight states posted lower rates and nine statesremained unchanged. As a result, the national jobless rate rose to5.4% in October. The Midwest and Northeast registered the lowestrates, 4.6% each. All four regions posted rate increases of 0.8-1.0percentage point over the year.
The regional and state labor market data for the month ofOctober reflect the impact of the terrorist attacks of September11, states the BLS in its report. The labor market had beenweakening before the attacks, and those events exacerbated thisweakness, according to the BLS.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
