Jobless Rate Fell in Most States in January

Jobless Rate Fell in Most States in January

(Bloomberg) – The unemployment rate fell in most states in January, including in 10 where the jobless rates fell to record lows.

Nebraska and Utah had the lowest unemployment rates in January at 2.2%, data from the Bureau of Labor Statistics showed Monday.

Those two states, along with Indiana, Kansas, Arkansas, Georgia, Mississippi, Montana, Oklahoma and West Virginia, saw their unemployment rates fall to their lowest levels in data back to 1976. Nearly every one of those states is led by a Republican governor.

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This is good news. From the market standpoint, strong employment gives the Federal Reserve more latitude to raise interest rates so it might be a negative for stock prices.

Wendy

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