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
They're hiring!These Fortune 100 employers have at least 350 openings each. What are they looking for in a new hire? More
If the Fortune 500 were a country...It would be the world's second-biggest economy. See how big companies' sales stack up against GDP over the past decade. More
Sponsored By:
More Galleries
5 ways retailers are tracking you If you think pesky salespeople are invading your personal space, check out these 5 technologies that are tracking your movements throughout a store. More
Moto X vs. Droid Turbo: Which Droid should you buy? Motorola has made the two best Android smartphones this year. Here's how they stack up. More
My part-time job is a dead end, but it's all I can find CNNMoney profiles 4 of America's 7 million part-time workers unable to find full-time jobs. More
Worry about the hackers you don't know 
Crime syndicates and government organizations pose a much greater cyber threat than renegade hacker groups like Anonymous. Play
GE CEO: Bringing jobs back to the U.S. 
Jeff Immelt says the U.S. is a cost competitive market for advanced manufacturing and that GE is bringing jobs back from Mexico. Play
Hamster wheel and wedgie-powered transit 
Red Bull Creation challenges hackers and engineers to invent new modes of transportation. Play

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.