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Unemployment rate drops in nearly 7 of 10 U.S. metros

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Jobless rates fell in most U.S. metro areas in July compared to the same month a year ago, according to the latest figures released today from the U.S. Bureau of Labor Statistics. Unemployment fell in 69 percent of the 372 metros tracked by the BLS. A quarter of metros saw their jobless rates rise year-over-year, while rates remained the same in about 6 percent. The national, nonseasonally-adjusted unemployment rate last month was 9.3 percent, unchanged from June, though up from 8.7 percent in May. Nearly a third (31 percent) of the tracked metros had unemployment rates of at least 10 percent, while 17 percent had rates below 7 percent. Midwestern states continued to post the lowest unemployment rates in July. Of the 10 metros with rates below 5 percent, nearly all were in that region. Bismarck and Fargo in North Dakota led with rates at 3 percent and 3.7 percent, respectively.Top 10 Lowest Metro Unemployment Rates Rank Metropolitan Area Rate (%)   United ...