Report - 3 Cities Where Unemployment is Rising - Joliet Will County Illinois

3 Cities Where Unemployment is Rising

As reported by The Motley Fool on 5/5/13:

"The U.S. Bureau of Labor Statistics recently published unemployment data for March, indicating that most of the country is continuing to dig out from the Great Recession. Of the 49 major metropolitan areas in the U.S. (those with at least 1 million residents in 2000), the unemployment rate dropped in 45, held steady in one, and rose in just three.

Chicago, Memphis, and Indianapolis were the three cities to experience rising unemployment in their metropolitan areas. By contrast, the unemployment rate declined by 2% or more in three metro areas, all of which are in Florida: Tampa, Orlando, and Jacksonville.

The biggest losers
In March, the biggest year-over-year jump in unemployment occurred in the Chicago metropolitan area, where the unemployment rate rose from 9% to 9.5%. This uptick parallels the worsening employment situation in Illinois more generally, as I discussed last month. In some parts of the U.S., the unemployment rate is rising because -- counterintuitively -- people are feeling better about their job prospects and thus returning to the labor force.

However, this is not quite true for the Chicago metro area.  While the Chicago area's labor force did grow from 4.87 million last March to 4.9 million this year, the region also lost more than 12,000 jobs in that time span, leading to this year's higher unemployment rate."

See Also:
[1] Unemployment is still way too high for Joliet!
[2] Unemployment in District 86!
[3] Learn even more through the "Alm for Freedom" Network!