Unemployment rates lower in majority of U.S. cities

10.31.2012


Unemployment rates lower in majority of U.S. cities
Unemployment rates lower in majority of U.S. cities

In just about every major city in the U.S., the unemployment rate dropped in September from August, providing more evidence that hiring is picking up throughout the country, CBS News reports.

According to the news source, the Department of Labor recently announced that unemployment rates dropped in 355 of the 372 metro regions in the country, the most widespread decline since April. The new report also indicates that almost half of the cities are reporting unemployment rates under 7 percent - well below the national average of 7.8 percent.

What could be even more impressive is the number of cities with unemployment rates that have fallen below 10 percent. last year, 84 cities around the country had this dire level of joblessness. Now, only 35 cities are struggling with such high unemployment rates. The DOL stated that unlike the national unemployment figures, the data for metro areas are not seasonally adjusted, meaning that somewhat temporary jobs, such as bus  drivers and cafeteria workers, were included in the statistics.

Some of the country's most hard-hit cities are finally beginning to see some relief in this metro-area data, the news provider stated. In Las Vegas, the unemployment rate is down 14 percent from a year ago to 11.5 percent. In Miami, the unemployment rate has dropped to 8.4 percent, compared with 10.4 percent at the same time last year.

The latest decline in the national unemployment rate was due to a spike in the number of people who reported they had found jobs during a DOL survey, while many of these jobs were for part time work.

Interestingly, as the East Coast emerges from the devastation of Hurricane Sandy, some say it could lead to more economic spending and even more hiring. According to a separate CBS News report, Kirk Roberts, owner of family-run Concrete Jack, said he planned for additional staffing before the storm even hit.

"I just recorded a radio ad to run in two of the localities we serve for pumping material back under houses to replace sand that's washed away by storm surges," he said. "So if things go well, we'll definitely hire to fill our open position and potentially add additional labor to allow for increased capacity."

With the election less than a week away, all eyes will be on the latest jobs report from the Bureau of Labor Statistics, which is due out Friday. 

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