This post first appeared on FloatingPath
During the month of October, 28 states had unemployment rate decreases, 11 states and the District of Columbia had increases, and 11 states had no change, the U.S. Bureau of Labor Statistics reports.
Puerto Rico continues to have the highest unemployment rate at 14.7% followed by Nevada at 9.3. The lowest jobless rates are in North Dakota at 2.7% and South Dakota at 3.7%.
From a year ago, 38 states had unemployment rate decreases from a year earlier, 10 states and the District of Columbia had increases, and 2 states had no change.
Canyon Distressed Opportunity Fund likes the backdrop for credit
The Canyon Distressed Opportunity Fund III held its final closing on Jan. 1 with total commitments of $1.46 billion, calling half of its capital commitments so far. Canyon has about $26 billion in assets under management now. Q4 2020 hedge fund letters, conferences and more Positive backdrop for credit funds In their fourth-quarter letter to Read More
Recall that the national jobless rate in October was 7.3%, down from 7.9% in October 2012.
The full table: