Iowa Unemployment Rate Falls

By: Associated Press Email
By: Associated Press Email

Iowa's unemployment rate has dropped to 5.4 percent in January. A report released Tuesday by Iowa Workforce Development says the rate was two-tenths of a percentage point under the 5.6 percent in December.

The January rate a year ago was 6.1 percent.

It's the third month in a row the rate has been under 6 percent. The U.S. unemployment also dropped two-tenths of a point in January, to 8.3 percent. A year ago the figure was 9.1 percent.

Director Teresa Wahlert of Iowa Workforce Development says the state's unemployment rate "has been tracking downward since fourth quarter 2011, as the recovery picked up speed."

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