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DC posts its record low unemployment rate

When compared to the states, the District still has one of the highest unemployment rates, but it fell to 4.6% in November, the lowest since at least 1976, according to the Bureau of Labor Statistics, and down from 4.8% in October.

Maryland, New Mexico and the District also had the largest month-over-month drop in unemployment rates, falling 0.2%. Maryland’s November unemployment rate was 4.3%.



Virginia still has one of the lowest state unemployment rates, but it rose in November to 2.8%, up from 2.7% in October.

State unemployment numbers are seasonally-adjusted.

Maryland has also added 49,800 jobs in the last year, a job growth rate of 1.9%. Virginia has gained 108,300 jobs in the past year, a job growth rate of 2.7%.

Utah had the lowest state unemployment rate in November, at 2.2%, followed by Minnesota and North Dakota, at 2.3% each. Nevada had the highest state unemployment rate, at 4.9%, followed by Illinois, at 4.7%.

BLS posts monthly state unemployment rates and changes in non-farm payroll online.

Oil prices slip and Asian shares are mostly lower as investors sell chipmaker stocks

HONG KONG (AP) — Oil prices fell Wednesday and Asian shares were mostly trading lower as South Korea’s Kospi extended its losses after falling more than 16% over the past two days. Crude prices remain volatile after the U.S. said early Thursday it had conducted a “heavy wave” of strikes against Iran, responding to an attack on a U.S. base. U.S. futures edged higher after losses on Wall Street. In South Korea, recent drops in its benchmark Kospi, a big beneficiary of the global boom in artificial intelligence, have been seen by some analysts as a reflection of broader doubts about massive investments by technology giants in expanding capacity for AI.
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