The national BLS “The Employment Situation report – November 2014” showed an impressive surge in employment, adding 321,000 new jobs to the economy – 100,000+ more jobs than the previous month. This upswing has economists hopeful that growth will continue as we round out the year.
Looking to the BLS’s latest “Metropolitan Area Employment and Unemployment report – October 2014”, we see that unemployment rates have been steadily declining throughout 2014. Compared to this time last year, US unemployment rates are lower in 354 of the 372 metropolitan areas. The national unemployment rate is also 1.2 percentage points lower than it was October 2013, coming in at 5.8 points. Overall, unemployment changes have been positive, with forty-two states and the District of Columbia showing unemployment rate decreases over the past 12 months.
Read more »