Fourth District Employment
The Fourth District’s unemployment rate fell 0.1 percentage point in October to 5.8%. Although household employment actually fell 0.2%, the labor force fell even more (0.4%). From October 2004, employment grew 0.9% and the labor force expanded 0.5%. The U.S. unemployment rate was 5.0% in both October and November.
Suggested citation: “Fourth District Employment,” Federal Reserve Bank of Cleveland, Economic Trends, no. 06-01, pp. 16, 01.15.2006.