Unemployment Drops In Majority of States
The Labor Department says unemployment rates fell in 36 states in October and rose in only five. Rates were unchanged in nine states. That’s the best showing since April, when rates fell in 39 states.
Nationally, the unemployment rate ticked down to nine percent in October, from 9.1 percent the previous month. Employers added a modest 80,000 net jobs last month and the previous two months were revised to show much stronger gains.
Still, at least 125,000 jobs a month are needed to keep up with population growth, and at least double that amount to rapidly reduce the unemployment rate.