Unemployment rates drop across half of large US cities: Report
   
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Unemployment rates drop across half of large US cities: Report

Last Updated: Thursday, November 29, 2012, 17:44
 
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Unemployment rates drop across half of large US cities: Report
Washington: Unemployment rates has reportedly dropped last month in over half of the 372 largest US cities, according to a report.

The US Labor Department said that rates fell in 201 metro areas.

They rose in 116 and were unchanged in 55, and the number of cities with unemployment below seven percent rose to 180 last month, up from 107 a year ago, it said,

According to CBS News, nationwide, the unemployment rate ticked up to 7.9 percent from 7.8 percent in September.

That was mostly because more Americans began searching for work but not all found jobs, the report said.

Employers added 171,000 jobs in October and the previous two months were revised higher, it added.

According to the report, the data showed that the number of areas with sharply higher unemployment is declining. Thirty-five metro areas had unemployment rates of 10 percent or above last month.

That''s the same as the previous month but down from 80 a year ago, the report added.

ANI



First Published: Thursday, November 29, 2012, 17:44


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