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Unemployment Still Rising in U.S. Metros; El Centro, Calif. Jobless Rate Hits 30%
Unemployment rates in 372 U.S. metropolitan areas continued their upward climb in July, new Labor Department figures show. Some 19 metros now have unemployment rates above 15%; eight of them are in California, hard-hit by the real estate collapse, and five of them are in Michigan, suffering from the auto industry’s downturn. El Centro, Calif., continues to have the nation’s highest unemployment rate, rising to 30.2% in July. Yuma, Ariz., is next with 26.2%. The national average in July was 9.7%, not seasonally adjusted. The Labor Department will update the latter figure on Friday, when it releases its monthly employment report. There were a few bright spots in July, mostly in the nation’s interior states less affected by the real estate boom-and-bust and aided by relative strength in their
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Unemployment Still Rising in U.S. Metros; El Centro, Calif. Jobless Rate Hits 30%
Unemployment rates in 372 U.S. metropolitan areas continued their upward climb in July, new Labor Department figures show. Some 19 metros now have unemployment rates above 15%; eight of them are in California, hard-hit by the real estate collapse, and five of them are in Michigan, suffering from the auto industry’s downturn. El Centro, Calif., continues to have the nation’s highest unemployment rate, rising to 30.2% in July. Yuma, Ariz., is next with 26.2%. The national average in July was 9.7%, not seasonally adjusted. The Labor Department will update the latter figure on Friday, when it releases its monthly employment report. There were a few bright spots in July, mostly in the nation’s interior states less affected by the real estate boom-and-bust and aided by relative strength in their
If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.