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Updated 8 months ago on . Most recent reply

What is considered a bad unemployment rate for a city?
I was recently looking for deals on Zillow, and I stumbled upon something I liked upon doing some research to find out if thats a good area to invest in. I saw that the area has a 5.3% unemployment rate. So here's the question: is there a rule of thumb for unemployment rate? What's considered good and what's considered bad?
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Thanks a lot for the insight! I appreciate it and will definitely keep that in mind next time