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News
Iowa
Unemployment Rate Drops to 5.1 Percent
Posted 27 May 2009
Iowa’s job losses
eased in April, while the state’s seasonally adjusted unemployment rate
dropped to 5.1 percent from 5.2 percent in March. One year ago, Iowa’s
jobless rate was reported at 4.0 percent. The U.S. unemployment rate
climbed to 8.9 percent in April from 8.5 percent in March, and compared
with 5.0 percent for April of 2008.
“The pace of job losses slowed in April, suggesting that the Iowa
economy may be in the early stages of a turn,” said Elisabeth Buck,
director of Iowa Workforce Development. “However, the labor market is
still very weak, and any recovery is expected to be modest and
prolonged.”
The total number of working Iowans edged up to 1,590,000 in April from
1,587,300 in March, but was 18,500 below the year ago level of
1,608,500.
Iowa’s pool of unemployed workers trended downward to 85,400 in April
from 87,500 in March. The statewide estimate of unemployed persons was
reported at 66,900 in April 2008. | | |
