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Iowa unemployment rate at 2.9 percent for lowest in 17 years

{ }(MGN Online)

DES MOINES, Iowa (AP) -- Iowa's unemployment rate has fallen below 3 percent for the first time in 17 years.

Iowa Workforce Development announced Friday that Iowa's November unemployment rate was 2.9 percent, down slightly from October's 3 percent rate.

The unemployment decline came as the number of unemployed residents fell to 49,100, more than 10,000 people lower than a year ago. The number of working Iowans was about 2,000 higher than in October.

Iowa's unemployment rate compares to a national rate of 4.1 percent.

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