Originally Posted by Justnslcsugarhood.
SLC has the best major metro unemployment rate..WHOhoo.
Eighteen of the nation's 100 largest labor markets now have unemployment rates of 10 percent or more, according to a U.S. Bureau of Labor Statistics report issued Thursday.
Three inland California markets are saddled with the nation's worst jobless rates -- 15.7 percent in Fresno, 15.1 percent in Stockton and 13.8 percent in Bakersfield. Toledo has the highest unemployment rate outside of California, 13.3 percent.
Only one major market is below 5 percent -- Salt Lake City, at 4.6 percent.
The list of America's worst jobless rates is a mixture of Sunbelt and Northern industrial markets. Buffalo, according to the New York state Department of Labor, had earlier placed the area's jobless rate at 9 percent.
Twelve of the 18 metros above the 10-percent mark are in California, Florida, Nevada, North Carolina and Texas, states that enjoyed prosperity for most of the decade. Two factors -- the bursting of the real-estate bubble and the subsequent decline of the banking industry -- have hit those markets with exceptional force.
The other six metros on the 10-plus list are in Michigan, Ohio and Rhode Island, industrial states that have been struggling in tune with their manufacturing sectors, especially their automaking plants.
The Bureau of Labor Statistics report includes preliminary data for January.
The market that suffered the worst increase in unemployment during the past year was Youngstown, Ohio, which jumped six points from 7.1 percent in January 2008 to 13.1 percent in January 2009.
A pair of North Carolina markets experienced the second-biggest increases, 5.2 points in the past year. Charlotte and Greensboro both soared from 5.3 percent a year ago to 10.5 percent in January 2009.
These are the 18 major U.S. markets with jobless rates of 10 percent or more, as of January:
Fresno, Calif., 15.7%
Stockton, Calif., 15.1%
Bakersfield, Calif., 13.8%
Youngstown, Ohio, 13.1%
Riverside-San Bernardino, Calif., 11.8%
Cape Coral-Fort Myers, Fla., 11.5%
Dayton, Ohio, 10.9%
Greensboro, N.C., 10.5%
Grand Rapids, Mich., 10.3%
McAllen-Edinburg, Texas, 10.1%
Los Angeles, 10.0%
Las Vegas, 10.0%
Bradenton-Sarasota, Fla., 10.0%
And these are the major metros with the lowest unemployment rates:
Salt Lake City, 4.6%
Ogden, Utah, 5.2%
Oklahoma City, 5.2%
Des Moines, 5.3%
Madison, Wis., 5.3%
Baton Rouge, La., 5.4%
New Orleans, 5.5%