Fourth District Employment
The Fourth District’s unemployment rate rose 0.1% in December to 5.9%. In contrast, the U.S. unemployment rate fell from 5.0% to 4.9%. This trend continued in January, when the U.S. unemployment rate fell further, reaching 4.7%. The gap between the District and U.S. unemployment rates has progressively widened since 2003, when the rates were roughly equal.
Suggested citation: “Fourth District Employment,” Federal Reserve Bank of Cleveland, Economic Trends, no. 06-03, pp. 14, 03.15.2006.