Unemployment fell in the majority of the U.S. cities
2013-01-31 15:09:28
According to the latest U.S. Labor Department data unemployment rate in November fell in the 75% of the largest U.S. cities compared to the same month in 2012. Rates fell in 290 of the nation's 372 largest metro areas. Rates rose in 68 cities and were unchanged in 14. At the same time there were several cities that reported high unemployment rates. The number of metro areas with unemployment rates above 10 percent fell to 47 from 70. The biggest annual decline was in Las Vegas, where the rate fell to 10 percent from 13.3 percent. Midland, Texas, reported the lowest rate, at 3.1 percent. Yuma, Ariz., and El Centro, Calif., had the highest rates, at 27.3 percent and 25.5 percent, respectively.
AgroInvest comment: with unemployment rates declining we expect boost of U.S. economy in 2013 with the following positive impact on global financial markets.