Fourth District Employment
The Fourth District’s unemployment rate fell 0.5 percentage point (pp) to 5.2% in September. Over the month, employment rose 0.7%, unemployment fell 8.7%, and the labor force increased 0.2%. The change in the unemployment rate reflects state trends: Rates fell in all four of the District’s states—Ohio’s by 0.4 pp, Pennsylvania’s by 0.3 pp, Kentucky’s by 0.5 pp, and West Virginia’s by 0.5 pp. By comparison, the U.S. unemployment rate was 4.6% in September, down 0.1 pp from the previous month.
Suggested citation: “Fourth District Employment,” Federal Reserve Bank of Cleveland, Economic Trends, no. 06-11, pp. 14, 11.15.2006.