Wednesday, July 3, 2013

Unemployment Rate Still Above 10% in 27 US Metro Areas

Unemployment fell in May from a year earlier in two-thirds of the nation’s 372 metropolitan areas, but 27 still had jobless rates in excess of 10%, the Labor Department said Tuesday.

Eleven of these areas were in California, the country’s most-populous state, which continues to grapple with fallout from the housing-market downturn. El Centro, Calif., had one of the nation’s highest unemployment rates, at 22.8%, surpassed by Yuma, Ariz., at 30.8%.

At the other end of the spectrum, 37 areas had jobless rates  of less than 5% in May. Bismarck, N.D., had a 2.4% unemployment rate, the nation’s lowest. The state is riding high on an oil-driven economic boom.

http://blogs.wsj.com/economics/2013/07/02/unemployment-rate-still-above-10-in-27-us-metro-areas/ 

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