Metro Area Unemployment: May 2011

Metro Area Unemployment

May 2011 data; released June 2011National Association of REALTORS®Research DivisionCompilation of Data from the Bureau of Labor Statistics

Data Highlights• Among the 27 metro areas reviewed, the Washington DC area had the lowest May

2011 unemployment rate of 5.8 percent while Las Vegas had the highest, at 12.4 percent.

• Looking at changes in the last year, 24 large metro areas reviewed saw decreases, or improvement, in the unemployment rate. Only two large metro areas reviewed saw an increase, or worsening, in the unemployment rate in that time period while one metro area had no change in the unemployment rate. By comparison, the unemployment rate in the US decreased by 0.6 percentage points in the year.

• Las Vegas had the greatest improvement in unemployment rate over the year. The unemployment rate there fell by 2.5 percentage points, from 14.9 percent to 12.4 percent. Las Vegas actually saw a slight decline in the number of employed coupled with a large decline in the number of unemployed and the number in the labor force. Its labor force decline of 3.4 percent and decline in the number of unemployed of 19.6 percent were the largest among these areas.

• Detroit; Portland, OR; Cleveland; Charlotte; and Pittsburgh followed in improvement in the unemployment rate. Each area had a drop of more than 1 percentage point in the year.

• New Orleans and Memphis had the only increases in unemployment rate over the year. The unemployment rate in New Orleans is now 8.0 percent, and in Memphis it is 10.1 percent.

Large Metros Unemployment Rate in May 2011

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

Perc

ent

Unemployment Rate, Phoenix-Mesa AZ

%

1009080706Source: Bureau of Labor Statistics 06/29/11

10

8

6

4

2

Unemployment Rate, Los Angeles-Long Beach-Santa Ana, CA

%


14

12

10

8

6

4

Unemployment Rate, San Diego CA

%


12

10

8

6

4

2

Unemployment Rate, San Francisco-Oakland-Fremont, CA

%


12

10

8

6

4

2

Unemployment Rate, Denver-Aurora, CO

%


10

8

6

4

2

Unemployment Rate, Washington-Arlington-Alexandria, DC-VA-MD-WV MetDiv

%


7

6

5

4

3

2

Unemployment Rate, Atlanta GA

%


12

10

8

6

4

Unemployment Rate, Chicago-Naperville-Joliet, IL-IN-WI

%


12

10

8

6

4

2

Unemployment Rate, New Orleans-Metairie-Kenner, LA

%


10

8

6

4

2

Unemployment Rate, Boston-Cambridge-Quincy, MA NECTA Division

%


9

8

7

6

5

4

3

Unemployment Rate, Detroit-Warren-Livonia, MI

%


18

16

14

12

10

8

6

Unemployment Rate, Minneapolis-St Paul MN-WI

%


9

8

7

6

5

4

3

Unemployment Rate, St Louis MO-IL

%


12

10

8

6

4

Unemployment Rate, Las Vegas-Paradise-Pahrump, NV CSA

%


17.5

15.0

12.5

10.0

7.5

5.0

2.5

Unemployment Rate, New York-Northern New Jersey-Long Island NY-NJ

%


10

8

6

4

2

Unemployment Rate, Charlotte-Gastonia-Rock Hill NC-SC

%


14

12

10

8

6

4

Unemployment Rate, Cincinnati-Middletown-Wilmington, OH-KY-IN CSA

%


12

10

8

6

4

Unemployment Rate, Cleveland-Elyria-Mentor, OH

%


12

10

8

6

4

Unemployment Rate, Columbus OH

%


10

9

8

7

6

5

4

Unemployment Rate, Portland-Vancouver-Beaverton OR-WA

%


12

10

8

6

4

Unemployment Rate, Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

%


10

8

6

4

2

Unemployment Rate, Pittsburgh PA

%


10

8

6

4

2

Unemployment Rate, Memphis TN-AR-MS

%


12

10

8

6

4

Unemployment Rate, Houston-Baytown-Sugar Land, TX

%


9

8

7

6

5

4

3

Unemployment Rate, Dallas-Fort Worth-Arlington, TX

%


9

8

7

6

5

4

Unemployment Rate, Seattle-Tacoma-Bellevue, WA

%


12

10

8

6

4

2

Unemployment Rate, Milwaukee-Waukesha WI

%


12

10

8

6

4

Metro Area Unemployment: May 2011

Real Estate

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