The Nebraska unemployment rate fell in November to its lowest rate in four years, dropping to 3.7 percent.
“Nebraska has not seen an unemployment rate this low since November of 2008,” said Commissioner of Labor Catherine Lang. “We continue to see steady growth on a year-to-year basis.”
The rate fell from October’s 3.8 percent and was a significant improvement over last November’s 4.3 percent. Nebraska held on to its ranking as having the second-lowest unemployment rate among the states, behind North Dakota’s 3.1 percent and ahead of South Dakota’s 4.4 percent.
The state’s labor force has grown in the last year by more than 10,500 workers, and there are nearly 16,000 more people employed in Nebraska than a year ago.
Nebraska consistently has had a labor force participation rate above 70 percent, one of the highest in the country, Lang said.
“Nebraska has largely avoided the so-called ‘discouraged worker syndrome’ and has not seen a large amount of workers exiting the labor force because they’ve stopped looking,” she said.
The industries showing the largest gains over last year are education and health services, mining and construction, and manufacturing.
Unemployment insurance claims the week ending Nov. 24 fell by 16 percent from a year ago.
Omaha metro-area unemployment fell to 3.7 percent from 3.9 percent in October, and the Lincoln area’s unemployment dropped to 3.0 percent from 3.2 percent.
Iowa’s unemployment situation also improved in November, falling to 4.9 percent from 5.1 percent in October and 5.6 percent a year ago.
“Iowa’s unemployment rate reached a milestone in November,” said Teresa Wahlert, director of Iowa Workforce Development. “November marked the first time since December 2008 that the state’s jobless rate was lower than 5 percent.”
The number of unemployed Iowans dropped to 80,400 in November from 83,600 in October, and 92,600 in November 2011.
The national unemployment rate in November was 7.7 percent, the lowest since December 2008. The rate was down from 7.9 percent in October and from 8.7 percent a year ago.
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