National unemployment rate falling in majority of major cities

  • The unemployment rate was higher in June compared to a year ago in 75 metro areas, and it was unchanged in 27 areas.
  • The national unemployment rate in June was 5.1 percent – down from 5.5 percent the same month last year.
  • The largest year-over-year decrease in unemployment was in Los Angeles, while the largest jump was reported in Houston.

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In localized markets throughout the nation, unemployment rates are typically faring well, which is great news for real estate agents. According to local unemployment rates by the Bureau of Labor Statistics (BLS), unemployment rates dipped annually in June in 285 out of 387 metropolitan areas.