“The Employment Situation — July 2014” national BLS report showed a continuation of monthly job gains, adding 209,000 new jobs to the economy. This marks the sixth straight month we’ve seen increases of 200,000+ jobs.
Both regional and state unemployment rates saw little change in the United States metropolitan areas, according to the BLS’ latest “Metropolitan Area Employment and Unemployment” report. In June, the national unemployment rate declined slightly to 6.1 percent – 1.4 percentage points lower than a year earlier. In fact, forty-nine states and the District of Columbia have seen unemployment rate decreases over the past year.
Looking deeper into the June metro area numbers, Bismarck, North Dakota once again led the nation with the lowest unemployment rate — now at 2.6 percent, an increase of 0.4 percentage points from May. Of the 372 metropolitan areas, 10 had jobless rates of at least 10 percent, whereas 74 areas had rates of less than 5.0 percent.
In other positive news, unemployment decreased in 359 of 372 metropolitan areas, increased in 10 areas and was unchanged in 3 areas. Additionally, each of the 34 metropolitan divisions had over-the-year employment gains since June 2013. The largest over-the-year percentage increase in employment among these divisions occurred in Orlando-Kissimmee-Sanford, Fla. (+3.7 percent), followed by Austin-Round Rock-San Marcos, Texas and Dallas-Fort Worth-Arlington, Texas (+3.6 percent each).
Here are some key regional highlights from the BLS “Metropolitan Area Employment and Unemployment — June 2014” report:
Read more »