The Fourth District’s unemployment rate has diverged notably from the national trend in recent months. A year-over-year comparison, without seasonal adjustments, shows that the District’s rate is rising (which is not surprising for a recession), but less quickly than the U.S. rate. Why should this be?
Suggested citation: "Regional Conditions," Federal Reserve Bank of Cleveland, Economic Trends, no. 02-01, pp. 14-15, 01.01.2002.