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Related: About this forumJan. jobless rates down over the year in 333 of 387 metro areas; payroll jobs up in 325
Jan. jobless rates down over the year in 333 of 387 metro areas; payroll jobs up in 325Economic News Release USDL-16-0520
Metropolitan Area Employment and Unemployment Summary
For release 10:00 a.m. (EDT) Friday, March 18, 2016
Technical information:
Employment: (202) 691-6559 * sminfo@bls.gov * www.bls.gov/sae
Unemployment: (202) 691-6392 * lausinfo@bls.gov * www.bls.gov/lau
Media contact: (202) 691-5902 * PressOffice@bls.gov
METROPOLITAN AREA EMPLOYMENT AND UNEMPLOYMENT -- JANUARY 2016
Unemployment rates were lower in January than a year earlier in 333 of the 387 metropolitan areas, higher in 43 areas, and unchanged in 11 areas, the U.S. Bureau of Labor Statistics reported today. Six areas had jobless rates of less than 3.0 percent, and 12 areas had rates of at least 10.0 percent. Nonfarm payroll employment increased over the year in 325 metropolitan areas, decreased in 55 areas, and was unchanged in 7 areas. The national unemployment rate in January was 5.3 percent, not seasonally adjusted, down from 6.1 percent a year earlier.
Metropolitan Area Unemployment (Not Seasonally Adjusted)
Ames, Iowa, and Boulder, Colo., had the lowest unemployment rates in January, 2.5 percent each. El Centro, Calif., had the highest unemployment rate, 19.2 percent. A total of 187 areas had January jobless rates below the U.S. rate of 5.3 percent, 184 areas had rates above it, and 16 areas had rates equal to that of the nation. (See table 1.)
Ocean City, N.J., had the largest over-the-year unemployment rate decrease in January (-5.2 percentage points), followed by Atlantic City-Hammonton, N.J. (-4.8 points). Ten other areas had rate declines of at least 2.0 percentage points. The largest over-the-year rate increase occurred in Casper, Wyo. (+2.9 percentage points), followed by Odessa, Texas (+2.0 points).
Of the 51 metropolitan areas with a 2010 Census population of 1 million or more, Denver-Aurora-Lakewood, Colo., had the lowest unemployment rate in January, 3.0 percent. Chicago-Naperville-Elgin, Ill.-Ind.-Wis., had the highest rate among the large areas, 6.7 percent. Forty-eight large areas had over-the-year unemployment rate decreases and three had increases. Memphis, Tenn.-Miss.-Ark., had the largest rate decrease (-1.8 percentage points). The largest over-the-year rate increase occurred in Seattle-Tacoma-Bellevue, Wash. (+0.5 percentage point).
____________________________________________________________________________
Metropolitan Area Employment and Unemployment Data Changes
In accordance with annual practices, historical data have been revised in tables 1 through 4 of this news release. For detailed information on the revisions, see the box notes at the end of the news release.
____________________________________________________________________________
....
_____________
The Regional and State Employment and Unemployment news release for February is scheduled to be released on Friday, March 25, 2016, at 10:00 a.m. (EDT). The Metropolitan Area Employment and Unemployment news release for February is scheduled to be released on Wednesday, April 6, 2016, at 10:00 a.m. (EDT).
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Information from this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200, Federal Relay Services: 1-800-877-8339.
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Jan. jobless rates down over the year in 333 of 387 metro areas; payroll jobs up in 325 (Original Post)
mahatmakanejeeves
Mar 2016
OP
I generally don't follow the metro stats much. Frankly would have guessed a bit better YOY
whatthehey
Mar 2016
#1
whatthehey
(3,660 posts)1. I generally don't follow the metro stats much. Frankly would have guessed a bit better YOY
Not that this is by any stretch bad news or a bad trend, or even worrying at all on the aggregate. I confess though I would not have thought about 12% of metro areas had higher UE over the whole year, or that more than that have fewer jobs.
Obviously regional impacts vary, and boom/bust cases like shale oil exist; only fools expect universal improvement with no exception. Just would have guessed fewer exceptions. On the brighter side given national trends this does mean that the improving areas improved quite strongly.
Tarheel_Dem
(31,237 posts)2. K&R!