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%.