Unemployment rates fall in two-thirds of US states
WASHINGTON (AP) — Unemployment rates fell in 32 U.S. states last month as employers nationwide added the most jobs of any month this year.
Jobless rates rose in just three states in October and were unchanged in 15.
Employers stepped up hiring in 40 states last month, the most since April. The biggest job gains occurred in California, which added 41,200, followed by Florida, with 35,200.
A hiring rebound in October added 271,000 jobs, the most this year. The national unemployment rate fell to 5 percent from 5.1 percent. Steady spending by consumers has offset slower growth overseas and encouraged businesses to add more workers.
Unemployment rates in 21 states have fallen below 4.5 percent, a historically very low level that could soon push up wages.