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New numbers released this week by Iowa Workforce Development find the Hawkeye State joining Minnesota, South Dakota, and North Dakota in seeing a slight drop in the unemployment rate for the month of April.
Iowa’s jobless rate fell from 5.2 in March to 5.1 percent – marking the first drop in the state’s unemployment rate since June 2006, a span of 34 months.
However, Iowa’s unemployment rate had only increased 1.5 percentage points during this span, and has only risen 1.1 points, or 27.5 percent, since April 2008 – the smallest increase in the Upper Midwest.
Upper Midwestern 12-Month Change in Unemployment Rate By State
State |
April 2008 |
April 2009 |
Change |
Percent |
Iowa |
4.0 |
5.1 |
+1.1 |
+27.5 |
North Dakota |
3.0 |
4.0 |
+1.0 |
+33.3 |
Minnesota |
5.4 |
8.1 |
+2.7 |
+50.0 |
South Dakota |
2.9 |
4.8 |
+1.9 |
+65.5 |
Wisconsin |
4.5 |
8.6 |
+4.1 |
+91.1 |
Iowa’s jobless rate is now 3.8 points lower than that of the country overall (8.9 percent) – tied for the largest differential on record since 1976 (the state also had a 3.8-point lower rate than the nation in January 1976, November 1976, and December 1976).
Iowa has had a lower rate of unemployment than the country overall in 382 out of 400 months since January 1976, has had the same rate in 3 months, and has had a higher rate in just 15 months – the last time being February 1986.
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