February 2012 - Volume 20, Number 1
U.S. and Iowa's Unemployment, January 2011- Present
Nationally, unemployment fell from 9 to 8.5 percent in the 4th quarter. The long-term unemployed number (jobless for 27+ weeks) remained very high at 5.6 million, accounting for 42.5 percent of the total. Involuntary part-time workers were 8.1 million, while another 2.5 million people have quit looking for work. The Iowa rate also continued a slow drop to 5.6 percent. However, the number of people employed remains 10,500 below the 1,576,000 employed in January 2011, at 1,565,500.
Source: Iowa Workforce Development, Labor Market Information Bureau, “Monthly Unemployment Rate News”
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