Unemployment falls in the states
The good economic news continues.
Unemployment rates fell in 43 states in November, the most states to report such declines in eight years.
The falling state rates reflect the brightening jobs picture nationally. The U.S. unemployment rate fell sharply in November to 8.6%, lowest since March 2009. The economy has generated 100,000 or more jobs five months in a row — first time that’s happened since 2006, before the Great Recession.
Only three states reported higher unemployment rates in November, the Labor Department said Tuesday. Four showed no change.
Other good news today came in the form of housing starts. People aren’t buying home so many people are renting. Now the construction market is responding as more apartment buildings are going to be built. This might be good news for construction workers around the country.