Thursday, February 4, 2010

Urban unemployment grows (duh)

New York City

By Blake Ellis, staff reporter February 2, 2010: 10:55 AM ET

NEW YORK (CNNMoney.com) -- The number of U.S. metropolitan areas with jobless rates above 15% increased in December, according to government figures released Tuesday.


The Labor Department said 19 of 372 metropolitan areas surveyed posted unemployment rates of at least 15% last month, up from 17 metro areas in November. The metro area figures were not seasonally adjusted.


The seasonally adjusted national unemployment rate was 10% in December, unchanged from the previous month. Economists surveyed by Briefing.com expect the national rate to remain steady at 10% when the Labor Department releases its December jobs report Friday.


Twelve areas in California suffered jobless rates higher than 15%, including El Centro. The city continued to lead the nation's metropolitan areas with the highest unemployment rate in December at 27.7%.


The second highest rate was in Merced, Calif., at 19.8%, a rise from 18.3% in November.


Out of the cities with populations of 1 million people or more, Detroit-Warren-Livonia, Mich. had the highest level of unemployment, at 14.9%, followed by Riverside-San Bernardino-Ontario, Calif. with a rate of 14%.


Large cities with the lowest jobless rates were Oklahoma City, with a rate of 6% and Washington-Arlington-Alexandria in the District of Columbia region, which posted a rate of 6.2%.


The metro area with the lowest unemployment rate in December was Fargo, N.D., at 4%, followed by Grand Forks, N.D., and Lincoln, Neb., each at 4.1%.


Jobless rates were higher than 10% in 138 metropolitan areas in December, up from 125 in November.


Overall, 146 cities in the Labor Department report had unemployment rates above the non-seasonally adjusted national figure of 9.7%, while 221 areas reported jobless rates below it.  

10 comments:

  1. I actually have no idea. Architecture is at a 25% unemployment rate right now. Looking at set/production design slash running away

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  2. 30percent unemployment rate for construction in our city. Here's a developer ready to build but govt hacks tie it up and make impossible

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  3. Unemployment rate now at 12.7%: Liveline listeners must be through the roof.

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  4. maybe you can find out why michigan still has the highest unemployment rate. just sayin.

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  5. Data: 2010/02/04 04:45 GMT+7 (NZD) Unemployment Rate | Previous:6.5% | Forecast:6.8% | Actual:(w)7.3%

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  6. NZ unemployment hits 7.3%. Something is wrong if the unemployment rate for Maori is 15.4% vs 4.6% for Europeans.

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  7. Over 500,000 people laid off per month but the unemployment rate doesn't go up? obama math. tcot

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  8. having mixed feelings about all the attention Haiti is getting but we have an unemployment rate that is the highest it has ever been......

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  9. In a move that surprised the consensus call for an increase to 6.8% in Q4, the unemployment rate leapt to 7.3% from 6.5%

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  10. LV has the highest unemployment rate! "If you're not at your old job, your 401k shouldnt be either." My job is to help or answers Q's. msgme

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