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Asset Based Loan

Bureau of Labor Statistics – Jobless Rates down from Year ago

According to the October 3rd, Wednesday, 10:00 A.M. release by the Bureau of Labor Statistics,  the unemployment rate was lower in 325 of 372 metropolitan areas compared to August 1 year ago.

The Bureau also reported that the rates were higher in 40 areas and unchanged in 7 areas. Surprisingly, 5 areas reported jobless rates of at least 15%.   20 areas reported rates of less than 5%.     The bureau further reported that two hundred seventy four metropolitan areas reported over the year increases in non farm payroll employment, 92 reported decreases, and 6 had no change.

The national unemployment rate in August was 8.2%, which was not seasonally adjusted, down from 9.1% a year earlier.   Who was tops in unemployment?

El Centro California and Yuma Arizona reported the highest unemployment rates in August at at 29.9% each.   Bizmark, N.D. registered the lowest unemployment rate at 2.6%.