The Regional Economy
DataNinth District Forecast
Data as of November 30, 2011
Unemployment Rate
Unemployment rates are expected to decrease moderately. Unemployment rates remained relatively steady in 2011 compared with 2010. Somewhat larger changes included a 0.3 percentage point increase in Montana and 0.8 and 0.4 percentage point decreases, respectively, in the Upper Peninsula of Michigan and North Dakota. Unemployment rates were above historical averages in all areas of the district during 2011 except North Dakota, where the unemployment rate dropped below its historical average in 2010. In 2012, unemployment rates are expected to decrease in all areas but stay above historical averages, except in North Dakota, where the rate is predicted to remain below its historical average.
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