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.

You might also like ...

post featured image
Dunkin’ Brands to be bought by Inspire Brands for 11.3 billion – Boston.com
post featured image
See the winners of our 2020 Halloween Pet Costume Contest – Minneapolis Star Tribune
post featured image
Here’s What JPMorgan Chase CEO Jamie Dimon Thinks Will Happen in the U.S. Election – Motley Fool