Unemployment rate drops

Business
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Unemployment rate drops

Business
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The state added

10,800 new jobs during October, bringing its total to 4,024,200. The latest

figures from the labor department show a slowing in the state's annualized

job growth rate over the past eight months. The annualized job growth

rate has declined from 4.2 percent in March to 1.8 percent in October,

a drop of 56 percent. In absolute numbers, 161,400 jobs were added between

March 1999 and March 2000, while only 71,300 were added between October

1999 and October 2000.

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