Date: January 03, 2019
Unemployment rates trended downward for the month of November in 223 of the 389 metropolitan states compared to a year earlier. According to Bureau Labor Statistics, this was “higher in 137 areas, and unchanged in 29 areas.” Jobless rates lower than 3% were recorded in 153 areas while 2 areas posted rates of at least 10.0%. Nonfarm payroll employment rose in 51 metropolitan areas and was stable in the remaining 338 areas. The national unemployment rate as at November 2019 stood at 3.3%, not seasonally adjusted, little changed from the prior year.
Metropolitan Division Unemployment (Not Seasonally Adjusted)
Eleven of the most populous metropolitan areas are made up of 38 metropolitan divisions, which are essentially separately identifiable employment centres. Framingham, MA, and San Francisco-Redwood City-South San Francisco, CA in November had the lowest unemployment rates among the divisions, 1.9%. Tacoma-Lakewood, WA, and Philadelphia, PA,, however, experienced the highest division rate, 5.1% and 5.0% respectively.
Moreover, BLS stated, “27 metropolitan divisions had over-the-year unemployment rate decreases, 8 had increases, and 3 had no change. The largest rate decline occurred in Seattle-Bellevue-Everett, WA (-1.4 percentage points). The largest over-the-year jobless rate increase occurred in Philadelphia, PA (+0.6 percentage point).”
Metropolitan Division Nonfarm Employment (Not Seasonally Adjusted)
Nonfarm payroll employment rose in 12 of the 38 metropolitan divisions over the year and was stable in 26 divisions in November. The largest over-the-year increase in employment among the metropolitan divisions took place in Dallas-Plano-Irving, TX (+97,800), followed by Los Angeles-Long Beach-Glendale, CA (+81,900), and New York-Jersey City-White Plains, NY-NJ (+77,300).
Furthermore, the largest over-the-year percentage increases in employment were observed in Dallas-Plano-Irving, TX (+3.7%), San Francisco-Redwood City-South San Francisco, CA (+3.1%), and Seattle-Bellevue-Everett, WA (+3.0%).
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