Metro Unemployment Data: September 2011

Metro Area Unemployment

September 2011National Association of REALTORS®Research DivisionCompilation of Data from the Bureau of Labor Statistics

Data Highlights• Among the 27 metro areas reviewed, the Washington DC area continues to

have the lowest unemployment rate, 6.2 percent in August, while Las Vegas continues to have the highest, at 14.3 percent in August.

• Looking at changes in the last year, 20 large metro areas reviewed saw decreases, or improvement, in the unemployment rate. Two large metro areas reviewed saw an increase, or worsening, in the unemployment rate in that time period, and 5 metro areas had unchanged unemployment rates. By comparison, the unemployment rate in the US decreased by 0.5 percentage points in the year.

• Portland, OR had the greatest improvement in unemployment rate over the year. The unemployment rate there fell by 1.5 percentage points, from 10.5 percent to 9.0 percent. This good news is reinforced by the fact that in the same period, Portland saw growth in the size of the labor force of 0.5 percent. By comparison, the US labor force declined by 0.2 percent in the same period.

• Payroll job growth is pictured in the graphs that follow. Fifteen areas saw job gains in the month while 12 areas saw job losses. From one year ago, 23 metro areas have job gains.

Large Metros Unemployment Rate in June 2011

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

Perc

ent

Unemployment Rate, Phoenix-Mesa AZ

%

1110090807Source: Bureau of Labor Statistics 09/29/11

10

8

6

4

2

Unemployment Rate, Los Angeles-Long Beach-Santa Ana, CA

%


14

12

10

8

6

4

Unemployment Rate, San Diego CA

%


12

10

8

6

4

2

Unemployment Rate, San Francisco-Oakland-Fremont, CA

%


12

10

8

6

4

2

Unemployment Rate, Denver-Aurora, CO

%


10

8

6

4

2

Unemployment Rate, Washington-Arlington-Alexandria, DC-VA-MD-WV MetDiv

%


7

6

5

4

3

2

Unemployment Rate, Atlanta GA

%


12

10

8

6

4

Unemployment Rate, Chicago-Naperville-Joliet, IL-IN-WI

%


12

10

8

6

4

2

Unemployment Rate, New Orleans-Metairie-Kenner, LA

%


10

8

6

4

2

Unemployment Rate, Boston-Cambridge-Quincy, MA NECTA Division

%


9

8

7

6

5

4

3

Unemployment Rate, Detroit-Warren-Livonia, MI

%


18

16

14

12

10

8

6

Unemployment Rate, Minneapolis-St Paul MN-WI

%


9

8

7

6

5

4

3

Unemployment Rate, St Louis MO-IL

%


12

10

8

6

4

Unemployment Rate, Las Vegas-Paradise-Pahrump, NV CSA

%


17.5

15.0

12.5

10.0

7.5

5.0

2.5

Unemployment Rate, New York-Northern New Jersey-Long Island NY-NJ

%


10

8

6

4

2

Unemployment Rate, Charlotte-Gastonia-Rock Hill NC-SC

%


14

12

10

8

6

4

Unemployment Rate, Cincinnati-Middletown-Wilmington, OH-KY-IN CSA

%


12

10

8

6

4

Unemployment Rate, Cleveland-Elyria-Mentor, OH

%


12

10

8

6

4

Unemployment Rate, Columbus OH

%


10

9

8

7

6

5

4

Unemployment Rate, Portland-Vancouver-Beaverton OR-WA

%


12

10

8

6

4

Unemployment Rate, Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

%


10

8

6

4

2

Unemployment Rate, Pittsburgh PA

%


10

8

6

4

2

Unemployment Rate, Memphis TN-AR-MS

%


12

10

8

6

4

Unemployment Rate, Houston-Baytown-Sugar Land, TX

%


9

8

7

6

5

4

3

Unemployment Rate, Dallas-Fort Worth-Arlington, TX

%


9

8

7

6

5

4

Unemployment Rate, Seattle-Tacoma-Bellevue, WA

%


12

10

8

6

4

2

Unemployment Rate, Milwaukee-Waukesha WI

%


12

10

8

6

4

Date post:	23-Jan-2015
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Metro Unemployment Data: September 2011

Real Estate