Posted by: jeb1 | October 25, 2011

Louisiana Unemployment Rate Low

Source: Wall Street Journal

State-by-state: unemployment rate

imageThe Wall Street Journal‘s Josh Mitchell reports, “The federal government’s latest snapshot of state and regional unemployment is out, and New Mexico appears to be one of the few somewhat-bright spots. The state saw the biggest drop in unemployment in September from a year ago, the U.S. Labor Department reported Friday in its latest breakdown of the 9.1% unemployment rate across the nation. New Mexico’s 6.6% unemployment rate for September is two percentage points lower than it was a year ago. Only three other states — Florida, Oregon and Massachusetts — reported statistically significant decreases over the year, the new data show. New Mexico’s growth tracks closely with that of the entire country, Mark Snead, an economist at the Denver Branch of the Federal Reserve Bank of Kansas City, said Thursday, according to the New Mexico Business Weekly. Mr. Snead said the U.S. economy averaged a 2.5% growth rate over the past nine quarters, according to the paper.” Read More …

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