Unemployment rate drops in nearly 7 of 10 U.S. metros

30% jobless in El Centro, Calif.; Yuma, Ariz.
By Inman News
Inman News™

Share ThisJobless rates fell in most U.S. metro areas in July compared to the same month a year ago, according to the latest figures released today from the U.S. Bureau of Labor Statistics.

Unemployment fell in 69 percent of the 372 metros tracked by the BLS. A quarter of metros saw their jobless rates rise year-over-year, while rates remained the same in about 6 percent. The national, nonseasonally-adjusted unemployment rate last month was 9.3 percent, unchanged from June, though up from 8.7 percent in May.

Nearly a third (31 percent) of the tracked metros had unemployment rates of at least 10 percent, while 17 percent had rates below 7 percent.

Midwestern states continued to post the lowest unemployment rates in July. Of the 10 metros with rates below 5 percent, nearly all were in that region. Bismarck and Fargo in North Dakota led with rates at 3 percent and 3.7 percent, respectively.

More here.

Buying or selling real estate in Garrett County or Deep Creek Lake, Maryland? Call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues!

877-563-5350 - toll free