Unemployment Rates Tick Up in February, With Biggest Increases in Maine and New Jersey
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Unemployment rates rose notably in January in Connecticut, Rhode Island, and Washington compared to the national average.
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California's unemployment rate ticked up to 5.2%, one of the highest in the country, due to layoffs stemming from tighter monetary conditions.
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The national unemployment rate increased to 3.9% in February, up from 3.7% in January, partly due to more people entering the workforce.
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Job openings still far exceed available workers, pointing to excess demand for labor.
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The largest unemployment rate increases since January occurred in Maine and New Jersey, rising by almost 1 percentage point each.