Unemployment falls in 80% of U.S. metros | Inman News in Chappaqua NY real estate

Unemployment falls in 80% of U.S. metros

Markets in Indiana and Michigan see biggest drops

Jobless rates fell year-over-year in the vast majority of U.S. metro areas in April, according to the latest figures released today from the U.S. Bureau of Labor Statistics.

Of 372 metro areas covered by the bureau, 80 percent posted drops in unemployment compared to April 2010, while the rate rose in about 15 percent and remained the same in some 6 percent of metros. By contrast, nearly half of metros saw their rate rise in November.

Nationally, the unemployment rate fell to a non-seasonally-adjusted 8.7 percent from 9.2 percent in March and 9.5 percent in April 2010.

Indiana and Michigan saw the biggest drops in unemployment, accounting for nine out of 12 metro areas to see percentage-point declines of 3 percent or more.

Over-the-Year Change in Unemployment Rates for Metropolitan Areas
Not Seasonally Adjusted
Apr. 2010Apr. 2011p
RankMetropolitan AreaRateRateChange
United States9.58.7-0.8
1Elkhart-Goshen, Ind.14.110.1-4
2Muskegon-Norton Shores, Mich.1410.1-3.9
3Rockford, Ill.15.711.9-3.8
4Kokomo, Ind.12.89.3-3.5
5Jackson, Mich.139.7-3.3
6Flint, Mich.1410.8-3.2
6Holland-Grand Haven, Mich.11.38.1-3.2
8Las Vegas-Paradise, Nev.15.112.1-3
8Michigan City-La Porte, Ind.12.59.5-3
8Monroe, Mich.12.59.5-3
8Niles-Benton Harbor, Mich.12.79.7-3
8Sandusky, Ohio118-3

Source: BLS

California metros continue to post the highest unemployment rates in the nation, accounting for 9 out of the 10 markets with unemployment rates higher than 16 percent.

Unemployment Rates for Metropolitan Areas
Not Seasonally Adjusted
Apr. 2011p
RankMetropolitan AreaRate
United States8.7
372El Centro, Calif.27.9
371Yuma, Ariz.25.3
370Yuba City, Calif.20.2
369Merced, Calif.19.5
368Modesto, Calif.17.5
367Stockton, Calif.17.3
366Fresno, Calif.17
365Hanford-Corcoran, Calif.16.6
364Visalia-Porterville, Calif.16.4
363Madera-Chowchilla, Calif.16.3

Source: BLS

North Dakota, Iowa and New Hampshire metros had the lowest unemployment rates in the nation, accounting for seven of the 11 markets with rates of 4.5 percent or lower.

Unemployment Rates for Metropolitan Areas
Not Seasonally Adjusted
Apr. 2011p
RankMetropolitan AreaRate
United States8.7
1Bismarck, N.D.2.9
2Fargo, N.D.-Minn.3.7
3Lincoln, Neb.3.8
4Portsmouth, N.H.-Maine4.2
5Grand Forks, N.D.-Minn.4.3
5Iowa City, Iowa4.3
7Midland, Texas4.4
8Ames, Iowa4.5
8Burlington-South Burlington, Vt.4.5
8Manchester, N.H.4.5
8Oklahoma City, Okla.4.5

Source: BLS

Nevada had the highest unemployment rate among the states in April (12.5 percent), followed by California (11.9 percent), Rhode Island (10.9 percent), Florida (10.8 percent), and Mississippi (10.4 percent).

North Dakota had the lowest rate (3.3 percent), followed by Nebraska (4.2 percent), New Hampshire (4.9 percent), South Dakota (4.9 percent), and Vermont (5.3 percent).

Unemployment Rates for States
Seasonally Adjusted
Apr. 2011p
RankStateRate
1NORTH DAKOTA3.3
2NEBRASKA4.2
3NEW HAMPSHIRE4.9
3SOUTH DAKOTA4.9
5VERMONT5.3
6OKLAHOMA5.6
7IOWA6
7WYOMING6
9HAWAII6.1
9VIRGINIA6.1
11MINNESOTA6.5
12KANSAS6.7
13MARYLAND6.8
14ALASKA7.3
14MONTANA7.3
14WISCONSIN7.3
17UTAH7.4
18PENNSYLVANIA7.5
19MAINE7.6
19NEW MEXICO7.6
21ARKANSAS7.7
22MASSACHUSETTS7.8
23NEW YORK7.9
24TEXAS8
25LOUISIANA8.1
26DELAWARE8.2
26INDIANA8.2
28OHIO8.6
29ILLINOIS8.7
30COLORADO8.8
30WEST VIRGINIA8.8
32MISSOURI8.9
33CONNECTICUT9.1
33WASHINGTON9.1
35ALABAMA9.3
35ARIZONA9.3
35NEW JERSEY9.3
38DISTRICT OF COLUMBIA9.6
38IDAHO9.6
38OREGON9.6
38TENNESSEE9.6
42NORTH CAROLINA9.7
43SOUTH CAROLINA9.8
44GEORGIA9.9
45KENTUCKY10
46MICHIGAN10.2
47MISSISSIPPI10.4
48FLORIDA10.8
49RHODE ISLAND10.9
50CALIFORNIA11.9
51NEVADA12.5

Source: B

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