Menu

Economy

Unemployment rates fell in 22 states in February, rose in 12, reflecting improving job market

Unemployment rates fell in 22 U.S. states in February from January, a sign that hiring gains are benefiting many parts of the country.

The Labor Department says unemployment rates rose in 12 states and were unchanged in 16.

Nationally, unemployment slid to a four-year low of 7.7 percent in February, down from 7.9 percent in January. Since November, employers have added an average of 200,000 jobs a month, nearly double the average from last spring.

States hit hardest during the recession are showing improvement.

Florida's unemployment rate fell to 7.7 percent in February, down from 9 percent a year earlier. Nevada's rate, while tied with California and Mississippi for the highest among states at 9.6 percent, is down from 11.8 percent a year ago.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.24% dw 4.29%  
15 Y Fixed Graph 3.33% up 3.28%  
30 Y Fixed Jumbo Graph 4.57% dw 4.71%  
5/1 ARM Graph 3.65% dw 3.78%  
5/1 Jumbo ARM Graph 3.44% dw 3.50%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.47% dw 4.50%  
$50K HELOC Graph 4.17% dw 4.19%  
$30K Loan Graph 5.11% up 5.10%  
$50K Loan Graph 4.56% up 4.54%  
$75K Loan Graph 4.51% up 4.50%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.91% up 2.90%  
36 M Used Graph 3.42% -- 3.42%  
48 M New Graph 3.19% up 3.18%  
48 M Used Graph 2.95% -- 2.95%  
60 M New Graph 3.22% up 3.21%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.35% -- 0.35%  
1 yr Graph 0.68% -- 0.68%  
5 yr Graph 1.37% -- 1.37%