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Metro Area Unemployment Data from December 2011

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Metro Area Unemployment Data from December 2011 Metro Area Unemployment Data from December 2011 Presentation Transcript

  • Metro Area Unemployment February 2012 National Association of REALTORS® Research Division Compilation of Data from the Bureau of Labor Statistics
  • Data Highlights
    • While the unemployment rate is not yet back to normal in most areas, improvement is unmistakable and fairly well-spread geographically.
    • From one year ago, 24 metro areas have job gains. Of the 27 areas, Houston had the biggest percent growth in payrolls in the last year
    • Among the 27 metro areas reviewed, the Minneapolis area had the lowest unemployment rate, 5.5 percent in December, while Las Vegas continues to have the highest, at 12.7 percent in December. Both the Washington, DC and Boston areas had unemployment rates under 6 percent in December 2011.
    • Looking at changes in the last year, 25 large metro areas reviewed saw improvement in the unemployment rate. Among those reviewed, only the Chicago and New York metro areas saw an increase, or worsening, in the unemployment rate in that time period. By comparison, the unemployment rate in the US decreased by 0.8 percentage points in the year.
    • Las Vegas, NV had the greatest improvement in unemployment rate over the year. The unemployment rate there fell by 2.5 percentage points, from 15.2 percent to 12.7 percent. While Las Vegas saw an increase in the number of employed persons and a decline in the number of those unemployed, the balance was such that the labor force shrank slightly. By comparison, the US labor force was grew slightly in the same period.
    • Local unemployment rates are pictured in the graphs that follow.
  •   View slide
  • Large Metros Unemployment Rate in December 2011 View slide
  • PHXR
    • Unemployment Rate, Phoenix-Mesa AZ
    • %
    • PHXR.EMF (EMPLR) PHXR 10512-11011
  • LASR
    • Unemployment Rate, Los Angeles-Long Beach-Santa Ana, CA
    • %
    • LASR.EMF (EMPLR) LASR 10512-11011
  • SDIR
    • Unemployment Rate, San Diego CA
    • %
    • SDIR.EMF (EMPLR) SDIR 10512-11011
  • SFCR
    • Unemployment Rate, San Francisco-Oakland-Fremont, CA
    • %
    • SFCR.EMF (EMPLR) SFCR 10512-11011
  • DNVR
    • Unemployment Rate, Denver-Aurora, CO
    • %
    • DNVR.EMF (EMPLR) DNVR 10512-11011
  • WAAR
    • Unemployment Rate, Washington-Arlington-Alexandria, DC-VA-MD-WV MetDiv
    • %
    • WAAR.EMF (EMPLR) WAAR 10512-11011
  • ATLR
    • Unemployment Rate, Atlanta GA
    • %
    • ATLR.EMF (EMPLR) ATLR 10512-11011
  • CHIR
    • Unemployment Rate, Chicago-Naperville-Joliet, IL-IN-WI
    • %
    • CHIR.EMF (EMPLR) CHIR 10512-11011
  • NORR
    • Unemployment Rate, New Orleans-Metairie-Kenner, LA
    • %
    • NORR.EMF (EMPLR) NORR 10512-11011
  • BCQR
    • Unemployment Rate, Boston-Cambridge-Quincy, MA NECTA Division
    • %
    • BCQR.EMF (EMPLR) BCQR 10512-11011
  • DWLR
    • Unemployment Rate, Detroit-Warren-Livonia, MI
    • %
    • DWLR.EMF (EMPLR) DWLR 10512-11011
  • MSPR
    • Unemployment Rate, Minneapolis-St Paul MN-WI
    • %
    • MSPR.EMF (EMPLR) MSPR 10512-11011
  • STLR
    • Unemployment Rate, St Louis MO-IL
    • %
    • STLR.EMF (EMPLR) STLR 10512-11011
  • LPPR
    • Unemployment Rate, Las Vegas-Paradise-Pahrump, NV CSA
    • %
    • LPPR.EMF (EMPLR) LPPR 10512-11011
  • NYLR
    • Unemployment Rate, New York-Northern New Jersey-Long Island NY-NJ
    • %
    • NYLR.EMF (EMPLR) NYLR 10512-11011
  • CGRR
    • Unemployment Rate, Charlotte-Gastonia-Rock Hill NC-SC
    • %
    • CGRR.EMF (EMPLR) CGRR 10512-11011
  • CMWR
    • Unemployment Rate, Cincinnati-Middletown-Wilmington, OH-KY-IN CSA
    • %
    • CMWR.EMF (EMPLR) CMWR 10512-11011
  • CVLR
    • Unemployment Rate, Cleveland-Elyria-Mentor, OH
    • %
    • CVLR.EMF (EMPLR) CVLR 10512-11011
  • COLR
    • Unemployment Rate, Columbus OH
    • %
    • COLR.EMF (EMPLR) COLR 10512-11011
  • PORR
    • Unemployment Rate, Portland-Vancouver-Beaverton OR-WA
    • %
    • PORR.EMF (EMPLR) PORR 10512-11011
  • PCWR
    • Unemployment Rate, Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
    • %
    • PCWR.EMF (EMPLR) PCWR 10512-11011
  • PITR
    • Unemployment Rate, Pittsburgh PA
    • %
    • PITR.EMF (EMPLR) PITR 10512-11011
  • MPHR
    • Unemployment Rate, Memphis TN-AR-MS
    • %
    • MPHR.EMF (EMPLR) MPHR 10512-11011
  • HTNR
    • Unemployment Rate, Houston-Baytown-Sugar Land, TX
    • %
    • HTNR.EMF (EMPLR) HTNR 10512-11011
  • DFWR
    • Unemployment Rate, Dallas-Fort Worth-Arlington, TX
    • %
    • DFWR.EMF (EMPLR) DFWR 10512-11011
  • STWR
    • Unemployment Rate, Seattle-Tacoma-Bellevue, WA
    • %
    • STWR.EMF (EMPLR) STWR 10512-11011
  • MWKR
    • Unemployment Rate, Milwaukee-Waukesha WI
    • %
    • MWKR.EMF (EMPLR) MWKR 10512-11011