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Nov 09 state unemployment

Mark Shore's photo
NY Economy Examiner

Today Dec 18th, 2009 the Bureau of Labor Statistics (BLS) released data of the state and regional unemployment rates for November 2009.

As the November national unemployment rate(U-3) fell to 10% from 10.2% in October, the state unemployment rates reflected a downward movement as well. 36 states (72% of the country) and the District of Columbia reported a decrease in their unemployment rates, 8 states reported an increase and 6 states did not see a change in unemployment.

Highest unemployment rates (seasonally adjusted) included: MI 14.7%; RI 12.7%; CA, NV and SC 12.3%; DC 11.8%; FL 11.5%; OR 11.1%, IL 10.9%; NC 10.8%.

Lowest unemployment rates (seasonally adjusted) included: ND 4.1%; NE 4.5%; SD 5.0%; KS and UT 6.3%; MT and VT 6.4%; VA 6.6%; IA, LA and NH 6.7%.

Largest decreases in monthly unemployment rates (seasonally adjusted) included: KY and LA -0.7%; CT and NV -0.6%; AL, AZ, KS, MI, NE, NY and PA -0.4%

Largest increases in monthly unemployment rates (seasonally adjusted) included: SC 0.3%; MO and FL 0.2%.

NY, NJ and CT respectively reported 8.6%, 9.7% and 8.2% unemployment rates.
 

Large Metro Areas

There are 49 large metropolitan areas (population of 1 million or more based on 2000 census). Currently the data is for October 2009.

Large metropolitan areas with the lowest unemployment rates included (not seasonally adjusted):
Washington-Arlington-Alexandria , DC-VA-MD-WV = 6.2%
Oklahoma City, OK =6.5%
Virginia Beach-Norfolk-Newport News, VA-NC = 6.5%
Denver- Aurora-Broomfield, CO =6.8%

Large metro areas with the highest unemployment rates included (not seasonally adjusted):
Detroit- Warren-Livonia, MI = 16.7%
Riverside- San Bernadino-Ontario, CA = 14.6%
Las Vegas-Paradise, NV = 13.0%

New York-Northern NJ-Long Island, ranked 26th = 9.1% unemployment.

Chicago-Naperville-Joliet ranked 32 = 10.3% unemployment.

NY City October unemployment rate was reported at 10.3%.

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, NY Economy Examiner

Mark has more than 20 years' experience in trading and researching the capital markets. He is the founder and CIO of of Shore Capital Management LLC, an alternative investment and consulting firm. Mark received his MBA from the University of Chicago. He has published several articles and...

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