CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts

Fewer metro areas suffer 10% unemployment

The government says the number of metropolitan areas with jobless rates of at least 10% decreased in August.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
By Ben Rooney, CNNMoney.com staff reporter

Gasoline prices and taxes by state
See where household income is the highest. More
When will you know that an economic recovery is underway?
  • When the Dow tops 10,000
  • When GDP turns positive
  • When job growth resumes
  • It's already started

NEW YORK (CNNMoney.com) -- The number of U.S. metropolitan areas with jobless rates above 10% decreased in August, according to government figures released Wednesday.

The Labor Department said 129 of 372 metropolitan areas surveyed suffered unemployment rates of at least 10% last month. That was down from 139 metro areas in July.

The number of urban centers with unemployment rates above 15% fell to 16 from 19 the month before.

The national unemployment was 9.7% in August. Economists surveyed by Briefing.com expect the national rate to rise to 9.8% when the Labor Department releases its September jobs report Friday.

Overall, 141 areas in the Labor Department report had unemployment rates above the national figure, while 227 reported jobless rates below it and 4 areas had the same rate.

Wednesday's report suggests that "there's no real change in the big picture," for the U.S. job market, said Brian Hannon, an economist at the Bureau of Labor Statistics."The low rate areas are the same and high rate areas are the same."

El Centro, Calif., had the highest unemployment rate of any metro area at 28.7%. But that was down from 30.5% in July.

The second highest rate was in Yuma, Ariz., where unemployment toped 26.1% in August. Both El Centro and Yuma are urban centers near agricultural areas that experience extreme heat, which impacts the workforce there, the Labor Department said.

The metro area with the lowest unemployment rate in August was Bismarck, N.D., at 3.3%. That was followed by Fargo, N.D., at 4.1% and Rapid City, S.D., at 4.2% unemployment.

Among the metro areas with rates above 15%, seven were in California and four were in Michigan.

In cities with at least 1 million inhabitants, the greater Detroit area reported the highest jobless rate at 17%, but that was down from 17.7% in July. California's Inland Empire, including Riverside, San Bernardino and Ontario, had the second highest rate at 14.5%.

The large cities with the lowest unemployment rates in August were the area around Washington, D.C., with 6% unemployment, and Oklahoma City, at 6.1%.  To top of page

Features
Markets Last Change
Dow Jones 10,388.90 22.75 / 0.22%
Nasdaq 2,194.35 21.21 / 0.98%
S&P 500 1,105.98 6.06 / 0.55%
10-year Bond 99 5/32 Yield: 3.47%
U.S.Dollar 1 euro = $1.485 -0.021
December 4, 2009 12:00 AM ET
CompanyPrice% Change
Big Lots Inc 27.94 18.69%
OfficeMax Inc 12.61 15.05%
BlueLinx Holdings Inc 2.99 12.41%
Kelly Services Inc 11.58 11.67%
Dec 4 3:53pm ET †
More Galleries
Holiday gifts for the yoga nut These 7 small brands are helping fuel a booming yoga industry. More
Best of the L.A. Auto Show Fuel economy is the name of the game in Southern California. More
Are things really getting better? Last quarter, the economy grew by the largest amount since the summer of 2007, but there are signs that things are still getting worse. More
Sponsors

© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.