The US Labor Department has reported the top cities ending in 2009 with the lowest unemployment rates of cities with over 1 million population in the Metro area. The top six cities are:
- Oklahoma City 6%
- Washington DC 6.2%
- New Orleans 6.8%
- San Antonio 6.8%
- Austin 6.9%
- Virginia Beach 6.9%
The cities with the highest rates were Detroit at 16.9% and Riverside, CA at 16.0%. There were 17 additional cities with unemployment rates of 10.0% or greater.
I would think this is good news for Oklahoma City real estate as we head into the new year.