According the the Associated Press and MSNBC.com, unemployment dropped in 23 states and Washington D.C. However, the unemployment rate rose in 11 states and remained unchanged in 16 per Labor Department statistics. The declines were nearly double the number reported by states in the previous month.
Little hiring took place last month, and a survey of employers showed that payrolls decreased in 34 states and increased in only 16 and in Washington D.C.
Hopefully, this is the one of many necessary steps in economic recovery, which has a direct effect on the housing market. If unemployment continues to fall, I anticipate an uptick in homes getting sold.