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Unemployment rate holds steady

News

March 26th, 2021 by Ric Hanson

(Radio Iowa) – The state unemployment rate was unchanged in February. The rate mirrored January at three-point-six percent despite an overall drop in non-farm jobs by 47-hundred. Iowa Workforce Development says a majority of the job losses came in construction –likely due to the extremely cold temperatures in February.

I-W-D’s analysis says the unemployment rate is expected to decrease in the coming months as temperatures continue to warm up and more people are given the COVID vaccine.