Nashville metro posts lowest jobless rate in August
Nashville metro posts lowest jobless rate in August
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The Nashville-Davidson-Murfreesboro-Franklin area in Tennessee posted the lowest jobless rate among all large US metros in August at 2.9%, the US Bureau of Labor Statistics reported today.
The Birmingham-Hoover area in Alabama and the Milwaukee-Waukesha-West Allis area in Wisconsin tied for the second-lowest rates at 3.1%.
Conversely, the Los Angeles-Long Beach-Anaheim area of California recorded the highest jobless rate in August among large metros with populations of 1 million or more at 6.2%.
Among metros of all sizes, the Sioux Falls metro area in South Dakota recorded the lowest unemployment rate at 1.9%. Burlington-South Burlington, Vermont; Madison, Wisconsin; and Rapid City, South Dakota followed at 2.1% each.
Meanwhile, California’s El Centro metro area logged the highest unemployment rate among metro areas of all sizes in August at 20.2%.
The BLS also noted that unemployment rates were higher in August than a year earlier in 315 of the 389 metropolitan areas, lower in 54 and unchanged in 20.