Archive for the ‘Economy’ tag
Unemployment rate steady; outlook still fragile
Iowa’s unemployment rate for September stayed steady at 6.7 percent, Iowa Workforce Development said this morning.
It had been rising. The 6.7 percent matches the revised 6.7 percent rate for August.
The state says 113,100 people are out of work; last year at this time, it was 71,000.
Despite a stabilizing unemployment rate, the outlook still is fragile.
“A growing problem for the state is persistent long-term joblessness,” says Elisabeth Buck, director of Iowa Workforce Development. “Due to fairly consistent monthly job losses this year, people are staying out of work longer with no job prospects in sight.”