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Iowa Unemployment Rate Drops

(Radio Iowa) Iowa Workforce Development says the labor force increased in March and the unemployment rate went down.

The unemployment rate dropped two-tenths of a percent in March to three-point-three percent. I-W-D says the labor force increased by that same amount in March compared to February. The number of Iowans with a job was up by 10-thousand, which is more than 39-thousand more than one year ago. I-W-D says despite those positive numbers a different seasonally adjusted survey sent to employers shows 15-hundred jobs lost in March. The agency says this decline marked the first drop since August 2021 and was due to cutbacks in private service industries

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