Consumer, Local News
Corridor unemployment rate falls
Posted on Nov 24, 2009 by Admin.
The Cedar Rapids and Iowa City metro unemployment rates fell in October, as the service and government sectors generated jobs.
Cedar Rapids’ unemployment rate of 5.9 percent in October was down 0.4 percent from September, yet remained 2.1 percentage points higher than a year earlier, Iowa Workforce Development reported.
The Cedar Rapids Metropolitan Statistical Area gained 700 jobs in government, 400 jobs in education and health and 700 jobs in the service producing sector.
Job losses, at 200 each, were the most concentrated in the goods-producing and trade/transportation sectors.
Cedar Rapids had the second-highest unemployment rate of any MSA in the state.
The highest was in the Waterloo-Cedar Falls MSA, which shot up to 8 percent from 5.6 percent in September.
The Iowa City metro area unemployment rate of 4 percent was down from 4.4 percent in September, yet remained 1 percentage point higher than a year earlier.
The Iowa City Metropolitan Statistical Area gained 700 government jobs, and 400 jobs in the service sector. Job losses were spread across three sectors. The goods producing, leisure-hospitality and accomodation-food sectors each lost 100 jobs.
The local unemployment rates are not seasonally adjusted.
Obama's policies are taking hold. CR is improving, the 401k's are recovering, the Dow's been positive to a new President. The country see's a inteligent President and the markets are responing to leadership. Man it has been 8 years of no leadership and the change is great!
Take your Fox News supporting B.S. somewhere else. Some of us support our commander in chief. Your side lost because people are tired of the republican way of slashing taxes for the rich while the poor suffer. Time for richy-rich to pay is share to live in America.
Well apparently my last post was of the wrong political slant to be fit to print on this superb and open-minded news website. I figured since I was moving back to town I would try to get involved in a little debate on the local level, but that doesn’t look possible here. I see what kind of posters are allowed free reign, I guess I shouldn’t be surprised. Oh well, I also guess I don’t have to pay for a print subscription when my family moves back in February, it’s apparently not worth it. One tip MrX, before I go and delete my account. Who are you to tell me I have to provide for your welfare (and I mean welfare in a general sense)? Why am I responsible for your happiness? What will you do when the “Richy-riches” of the world decide to close up shop and stop producing your ill-gotten plunder? Who is John Galt?
Stop rationalizing and start thinking. Your score is not related to fascism, but to a refusal to to be civil.
"You might want to pull you head out of the little sand box you live in and wake up."
maybe at that point.
Wow. When did the skin get so thin up there? I’m sorry, but I don’t see how that’s offensive. Now if I had said, “hey moron, I happen to live in a state that just hit 12% UMP, I'm under employed, and I just took another pay-cut, excuse me but your savior ain’t doing a darn thing for the rest of us in this country”, then I could see your point.
It took a long time to get to this point and it will take a little while longer to reverse losses of this magnitude.
It makes no sense to blame Obama. He didn't cause this mess, but is facing road blocks from the Republicans on everything he tries to do, to fix this situation.