Iowa and Illinois see drop in unemployment rate for May

Posted on: 2:37 pm, June 21, 2013, by

unemployment

Unemployment rates are dropping on both sides of the river.

According to the Iowa Workforce Development, May’s seasonally adjusted unemployment rate fell to 4.6-percent; the third month in a row that Iowa has seen a drop.

The adjusted unemployment rate in Illinois also dropped from the previous month at 9.1-percent, according to the Illinois Department of Employment Security.

Teresa Wahlert, the director of Iowa Workforce Development said that nonfarm jobs in Iowa grew by 5,300 in May, which is the largest monthly total of 2013.

“The Iowa job market picked up momentum in May,” said Wahlert. “Businesses added more jobs than anticipated.”

According to the Bureau of Labor Statistics, the U.S. unemployment rate in May stood at 7.6-percent.