Connect with us

Business

Fed’s Bostic on why the South has the lowest unemployment rate in the country – MarketWatch

‘The virus came to us after it had been to California, the West Coast and New York,’ Bostic said. That bought the region more time to prepare for its arrival.

Published

on

post featured image
ADVERTISEMENT

The Southern region of the U.S. is currently experiencing the lowest unemployment rate in the country of 6.9%.Notably many Southern states including Georgia and Florida were among the first to reopen parts of their economies while business lockdowns were in place in many parts of the country to curb the spread of coronavirus. Thats not the reason why the unemployment rate in the region is so low compared to the Northeast where the rate is three percentage points higher as of August, said Atlanta…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

post featured image
Arizona power must come from 100% carbon-free sources by 2050, regulators decide – The Arizona Republic
post featured image
Black franchisees at McDonald’s file new discrimination lawsuit – Fox Business
post featured image
Delta, pilots union reach tentative deal to avoid furloughs until 2022 – Fox Business