Delaware jobless rate drops below 5 percent

 (Rick Bowmer/AP Photo)

(Rick Bowmer/AP Photo)

Delaware’s unemployment rate in February dropped below 5% for the first time since July 2008.

 The 4.8% number translates to 21,800 unemployed.  It’s also another drop of .02% from the January number of 5%.

The summer of 2008 is generally the period known for the start of the last recession. The Delaware Department of Labor says unemployment went to 8.7% in 2009.  The only other period of time equal to that in terms of jobless percentages was in 1990.  At that time a 4.3% unemployment rate jumped to 6.8% and took 20 months to drop below 5% again.

The DOL reports Wilmington’s unemployment rate dropped below 7% to 6.7%.  New Castle County reported a 4.8% rate.  The Sussex rate was 6%.

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