Ninth District Forecast

Chart: Unemployment Rate

Large Image

Data as of December 20, 2013

Unemployment Rate

Unemployment rates are predicted to continue to decline. During 2013, unemployment rates decreased in all areas except the Upper Peninsula, where the unemployment rate increased. Unemployment rates were below historical averages in all areas except Wisconsin and the Upper Peninsula. In 2014, rates are predicted to drop in all areas and are expected to remain below historical averages except in Wisconsin. As of November, North Dakota had the lowest unemployment rate in the country, and its rate is predicted to drop further to 2.3 percent in 2014.

Federal Reserve Consumer Help