Industry NewsMarkets & Economy

Jobless rates rise in 49% of U.S. metros

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Metropolitan areas in California continue to register the highest unemployment rates in the nation, according to the latest figures released today from the U.S. Bureau of Labor Statistics.Of the 13 metros with unemployment rates above 15 percent in November, 11 were in California.That state's El Centro continues to hold the nation's highest unemployment rate, at 29.1 percent, and that rate remained flat from November 2009.California has been plagued by the loss of construction and factory jobs and has the nation's highest foreclosure rate by volume.Only two of the 10 metros with the highest rates were outside of the Golden State: Yuma, Ariz. at 24.8 percent, and Palm Coast, Fla. at 16.6 percent.Meanwhile, the nation's unemployment rate in November was 9.3 percent, down slightly from 9.4 percent in November 2009. Figures are not seasonally adjusted. Top 10 metro areas with the highest unemployment rates (not seasonally adjusted): Metropolitan Area Unemployment Ra...