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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 4.19% dw 4.26%  
15 Y Fixed Graph 3.23% dw 3.27%  
30 Y Fixed Jumbo Graph 4.68% up 4.59%  
5/1 ARM Graph 3.34% dw 3.45%  
5/1 Jumbo ARM Graph 3.85% up 3.54%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.38% dw 4.39%  
$50K HELOC Graph 4.11% -- 4.11%  
$30K Loan Graph 4.98% dw 4.99%  
$50K Loan Graph 4.40% -- 4.40%  
$75K Loan Graph 4.40% -- 4.40%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.90% dw 2.91%  
36 M Used Graph 3.40% dw 3.44%  
48 M New Graph 3.15% dw 3.19%  
48 M Used Graph 2.90% dw 2.97%  
60 M New Graph 3.16% dw 3.22%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.35% up 0.34%  
1 yr Graph 0.67% dw 0.67%  
5 yr Graph 1.38% -- 1.38%