Mon Jul 2, 2018
Author: RV News Staff
In May 2018, U.S. unemployment rates were lower than they were a year earlier in 350 of the 388 metropolitan areas, higher in 20 areas, and unchanged in 18 areas, according to the Bureau of Labor Statistics.
A total of 191 metropolitan areas had jobless rates below the U.S. rate of 3.6 percent, 175 areas had rates above it, and 22 areas had rates equal to that of the nation. In May 2017, the national unemployment rate was 4.1 percent.
At 1.5 percent, Ames, Iowa, had the lowest unemployment rate in the nation in May. Yuma, Arizona, had the highest rate, at 16 percent. Farmington, New Mexico, had the largest over-the-year unemployment rate decrease (–2.2 percentage points), and Morgantown, West Virginia, had the largest over-the-year unemployment rate increase (+0.8 percentage point).
For an interactive map that shows current and 2017 unemployment rates for each major city, click HERE.
Midland, Texas leads employment gains in year ending May 2018
From May 2017 to May 2018, nonfarm payroll employment increased in 332 metropolitan areas, decreased in 52 areas, and was unchanged in 4 areas.
The largest over-the-year percentage gains in employment occurred in Midland, Texas (+11.3 percent), Ocean City, New Jersey (+7.4 percent), and Lafayette-West Lafayette, Indiana (+7.0 percent).
To see a full list of cities that led employment trends, click HERE.