Iowa’s February unemployment rate dips to 5.3

News

March 30th, 2012 by Ric Hanson

DES MOINES, Iowa (AP) – Iowa’s unemployment rate has dropped a tenth of a percentage point, to 5.3 percent in February.¬† A report released Friday by Iowa Workforce Development says the rate was seven-tenths of a point under the year-ago figure of 6 percent. It’s the fourth month in a row the rate has been under 6 percent.¬† The U.S. unemployment rate remained at 8.3 percent in February. ¬†Director Teresa Wahlert of Iowa Workforce Development says the gain of 8,700 nonfarm jobs last month “reinforced the view that Iowa’s economy is turning the corner.”