Latest In

Breaking News

Unemployment Falls in 93 Percent of Metro Areas

Today, the Labor Department released its April survey of unemployment in 372 metropolitan areas across the United States. And it is a very good report: The rate

Jul 31, 2020
56.4K Shares
2.3M Views
Today, the Labor Department releasedits April survey of unemployment in 372 metropolitan areas across the United States. And it is a very good report: The rate of joblessness dropped in 346 areas, rose in 12 and remained flat in 14. That is a significant month-to-month improvement, as in March, unemployment fell in 257 metro areas and climbed in 89.
The report bodes well for Friday’s major jobs report. Economists expectthe economy to have added 500,000 jobs and the overall unemployment rate to track down. The data will be slightly skewed because of temporary census hiring. Still, it will hopefully augur an accelerating recovery, given that the weekly initial jobless claims and other metrics have stagnated.
Year-on-year, the stats are less good: The unemployment rate rose in 291 metro areas and fell in 73. In April, El Centro, Calif., recorded the highest rate of joblessness — 27.9 percent. The state in general carried the greatest number of hard-hit areas. Of 14 metro areas with unemployment rates above 15 percent, 11 were in California.
Dexter Cooke

Dexter Cooke

Reviewer
Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide. He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina. Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations. As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all. Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
Latest Articles
Popular Articles