The Labor Department's Bureau of Labor Statistics reported today (May 30th, 2007)on Nationwide improvements in the unemployment rate. Our region ranks positively with the second lowest unemployment rate in the nation out of 49 metropolitan areas of similar or larger size, and best rate in the State.
National unemployment rates were lower in April than a year earlier in 226 of the 369 metropolitan areas, higher in 120 areas, and unchanged in 23 areas, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Forty-six metropolitan areas registered jobless rates below 3.0 percent, while four areas recorded rates of at least 10.0 percent. The national un-employment rate in April was 4.3 percent, not seasonally adjusted, down from 4.5 percent a year earlier.
Of the 49 metropolitan areas with a Census 2000 population of 1 million or more, Birmingham-Hoover, Ala., recorded the lowest unemployment rate in April, 2.4 percent. The large areas with the next lowest rates were Washington-Ar- lington-Alexandria, D.C.-Va.-Md.-W.Va., at 2.8 percent, Richmond, Va., at 2.9 percent, and Virginia Beach-Norfolk-Newport News, Va.-N.C., at 3.0 percent.
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