Minneapolis Posts Lowest Jobless Rate Among All Large US Metro Areas in October

Among all US metropolitan areas with populations of more than one million, Minneapolis had the lowest jobless rate in October at 1.7%, the US Bureau of Labor Statistics reported today.

Las Vegas, on the other hand, had the highest rate at 5.6%.

Mankato-North Mankato, Minnesota, posted the lowest unemployment rate among metropolitan areas of all sizes at 1.3% in October. Fargo, North Dakota, and Rochester, Minnesota, had the next-lowest rates at 1.4% each.

Yuma, Arizona, had the highest jobless rate among metropolitan areas of all sizes at 17.9%.

Unemployment rates were lower in October than a year earlier in 264 of the 389 metropolitan areas, higher in 94 areas and unchanged in 31 areas. A total of 135 areas had jobless rates of less than 3.0%, and two areas had rates of at least 10.0%.

The BLS noted that 11 of the most populous metropolitan areas are made up of 38 metropolitan divisions, which are essentially separately identifiable employment centers. In October, Miami-Miami Beach-Kendall, Florida, had the lowest division unemployment rate at 1.7%.

Los Angeles-Long Beach-Glendale, California, had the highest rate among the divisions at 4.5%

Original Article:(https://www2.staffingindustry.com/Editorial/Daily-News/Minneapolis-posts-lowest-jobless-rate-among-all-large-US-metro-areas-in-October-63866)