Back in October, the United States’ national unemployment rate remained below eight percent for the second consecutive month, as the economy generated 171,000 new jobs – the fourth straight month in which more than 100,000 jobs were created. Therefore, the results of the BLS’ latest “Metropolitan Area Employment and Unemployment” report were not entirely surprising, as hiring rose within a majority of the nation’s metro areas in October.
In fact, 288 of the nation’s 372 metropolitan areas recorded an increase in nonfarm payroll employment from October 2011 to October 2012, while 329 areas’ jobless rates declined during that same time span. And, according to the report, 180 areas’ jobless rates were seven percent or lower.
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