State unemployment picture improves

The economic outlook continues to improve in the fourth quarter of 2010 with a new report out about the unemployment rate in the united states. Twenty-Three states and the district of Columbia reported a drop in their unemployment rate with two states (Illinois, and Mississippi) dropping under ten percent. Of the remaining states eleven had an increase in the unemployment rate, with the rest staying at the same unemployment rate. The National Unemployment rate stayed constant at 9.3% for the third straight month. Nevada continues its five month streak as the state with the highest unemployment at 14.4%, and north Dakota had the nations lowest rate at 3.7%. While the national unemployment rate is still above the normal rate, the fact that states are beginning to drop down under ten percent is a positive sign for the economy as a whole. If people are able to find and hold jobs, it encourages spending which will help the economy recover.