Unemployment drops in Vt. and the nationThe Associated Press | March 30,2013The Vermont Department of Labor says the state unemployment rate dropped slightly in February to 4.4 percent.
Last month’s rate was down three-tenths of a percentage point from January and far lower than the national rate of 7.7 percent.
The Labor Department says February was the seventh straight month that the unemployment rate had not increased in Vermont.
Around the state, Vermont’s unemployment rate ranged from a high of 8 percent in Newport to a low of 2.6 percent in the Warren-Waitsfield area.
Nationally, unemployment rates fell in 22 states, a sign that hiring gains are benefiting many parts of the country.
The U.S. Labor Department said unemployment rates rose in 12 states and were unchanged in 16.
The unemployment rate slid to a four-year low of 7.7 percent in February, down from 7.9 percent in January. Since November, employers across the country have added an average of 200,000 jobs a month, nearly double the average from last spring.
States hit hardest during the recession are showing improvement.
In Nevada, unemployment dropped to 9.6 percent last month, down from 11.8 percent a year ago. That’s the biggest year-over-year decrease among states.
One reason for the big drop is that people have stopped applying for jobs. Nevada’s work force — those working or looking for work — fell nearly 1 percent in the year through February. Only those looking for work are counted as unemployed. But hiring accelerated, too: Jobs in Nevada rose 2 percent over the past year.
Unemployment in California fell to 9.6 percent last month, down from 10.8 percent in February 2012.
California and Nevada are still tied with Mississippi for the nation’s highest unemployment rate.
Florida’s job market has also rebounded in the past year. The Sunshine State’s unemployment rate fell to 7.7 percent in February, down from 9 percent a year earlier.
North Dakota once again held the nation’s lowest unemployment rate, at 3.3 percent. The state is benefiting from a boom in oil and natural gas production. Nebraska had the second-lowest rate, at 3.8 percent.
Overall, 42 states added jobs in February from January, and just eight lost jobs. The biggest monthly job gains came in Texas (up nearly 81,000) and California (up more than 41,000).
In the 12 months up to February, Texas gained nearly 294,000 jobs, and California 128,000. On a percentage basis, North Dakota reported the fastest job growth over the past year, rising 5 percent.MORE IN National / World BusinessWASHINGTON — The Federal Reserve is edging closer to raising interest rates from record lows... Full StoryNEW YORK — The blow that the hacking attack has dealt Sony is spreading beyond the entertainment... Full Story
- Most Popular
- Most Emailed
- TOMORROW'S HEADLINES TODAY: Gov. Peter Shumlin announces demise of his single-payer health insurance initiative; convicted first-degree murderer Alan Prue sentenced to 50 years for killing teacher Melissa Jenkins; veterans chafed about park naming snub.
- RICHARD'S POOR ALMANACK: In 497 BC, first Saturnalia festival celebrated in Rome, Scandinavians retain 'Yule Goat' as symbol of season, Krampus, evil side of holiday cheer, terrorizes children into better behavior, more advice from Christopher Hitchens.
- RICHARD'S POOR ALMANACK: In 533 AD, Byzantine Emperor Justinian I gets the old empire back together again routing the Vandals from Carthage; in 1890, Lakota Chief Sitting Bull is killed at his home in South Dakota; in 1970, Soviets land probe on Venus.
- DUANE CARLETON: Rutland Herald Events Editor George Nostrand interviews musician Duane Carleton, whose new CD 'A GIRL LIKE THAT' drops Thursday, Dec. 18, 2014, and will be celebrated that evening with a show at 9:30 p.m. at Killington's Pickle Barrel.
- RICHARD'S POOR ALMANACK: Sigisimund, king of Hungary, creates Order of the Dragon to defend the West against Ottoman Turks; Chong Ho escorts 300 virgins to China; J. Bruce Ismay born this day, built Titanic, gets free trip, does not go down with the ship.
- TOMORROW'S HEADLINES TODAY: Storm takes out power for 60,000 Vermonters; state gets $33M to fund pre-K education; Springfield board OKs fund to demolish blighted buildings, voters have final say; George Nostrand runs down coming events.