Unemployment Breakdown by City

1

I pulled unemployment data from Department of Labor, did a ton of copying, pasting, formatting it in excel then worked my magic.  This took me countless hours and now I have created some very useful breakdowns of unemployment in the US.  This is the most current data by the way. 

What I found did not surprise me but may surprise some.  The hot markets of old – Vegas, California and Florida dominate the areas with highest unemployment.   Many of these markets experienced the highest bubble as well and are still predicted by many to have further drops in home values.  Not surprising is that the auto industry struggles have left Detroit near the bottom.  It appears that some plants have opened back up so hopefully the auto industry is close to the beginning of a rebound.

Now, the smaller, less hyped markets seemed to have less unemployment, far less than the national average of 9.6%.  These are the markets I love as many have near the highest returns, low competition, and plenty of great deals available.  Washington DC had the lowest unemployment at 6%.  Some markets in Texas also have low unemployment as well as do some MidWest cities such as Pittsburgh, Milwaukee and Minneapolis which actually had the highest reduction of almost 20% in the last year.  Even my two favorite markets where I focus my investing Cleveland and Columbus have unemployment under the national average.

Check out the reports below.  I hope it helps in your evaluation of markets.  How is unemployment in your market and the markets you invest in?

Top Markets by Unemployment Percent

 

City State Unemployment % May10 Month Change Year Change
Washington-Arlington-Alexandria District of Columbia 6 2.90% 0.54%
Minneapolis-St. Paul-Bloomington Minnesota 6.4 -5.90% -19.55%
Austin-Round Rock-San Marcos Texas 6.9 -1.86% 7.85%
Salt Lake City Utah 7 1.96% 5.32%
San Antonio-New Braunfels Texas 7.1 -2.38% 15.02%
Virginia Beach-Norfolk-Newport News Virginia 7.3 4.10% 7.96%
Baltimore-Towson Maryland 7.4 3.22% -0.19%
Richmond Virginia 7.6 3.29% -0.40%
Buffalo-Niagara Falls New York 7.6 -2.20% -7.69%
Denver-Aurora-Broomfield Colorado 7.7 -2.05% -9.01%
Dallas-Fort Worth-Arlington Texas 8.1 -1.43% 10.03%
Boston-Cambridge-Quincy Massachusetts 8.2 -0.57% 9.87%
Milwaukee-Waukesha-West Allis Wisconsin 8.2 -3.75% -8.94%
Houston-Sugar Land-Baytown Texas 8.3 -1.03% 17.33%
Kansas City Missouri 8.3 -0.82% -7.51%
Seattle-Tacoma-Bellevue Washington 8.4 0.19% -5.66%
Pittsburgh Pennsylvania 8.5 5.33% 20.07%
New York-North New Jersey-Long Island New York 8.7 -0.47% 2.60%
Phoenix-Mesa-Glendale Arizona 8.7 2.68% 6.18%
Columbus Ohio 8.7 -7.11% 8.43%
Connecticut Colorado 8.8 3.50% 8.51%
Indianapolis-Carmel Indiana 8.9 0.00% 0.00%
Hartford-West Hartford-East Hartford Colorado 8.9 4.31% 9.47%
Nashville-Davidson—Franklin Tennessee 9 -2.58% -3.89%
Cleveland-Elyria-Mentor Ohio 9.1 1.57% -5.17%
St. Louis Missouri 9.2 -3.88% -4.58%
New York City New York 9.4 -1.01% 3.64%
Philadelphia-Camden-Wilmington Pennsylvania 9.4 3.44% 15.06%
National Average   9.5    
Cincinnati-Middletown Ohio 9.7 -5.36% 5.29%
Atlanta-Sandy Springs-Marietta Georgia 9.9 1.19% 5.84%
Louisville-Jefferson County Kentucky 9.9 -0.32% -4.57%
San Diego-Carlsbad-San Marcos California 10 -3.50% 8.58%
San Francisco-Oakland-Fremont California 10.1 -3.92% 6.22%
Portland-Vancouver-Hillsboro Oregon 10.2 -3.09% -6.65%
Memphis Tennessee 10.2 -2.07% 3.54%
Chicago-Joliet-Naperville Illinois 10.3 -3.89% 0.58%
Jacksonville Florida 10.8 -1.84% 13.35%
Charlotte-Gastonia-Rock Hill North Carolina 10.9 -2.68% -5.32%
Orlando-Kissimmee-Sanford Florida 11.1 -2.35% 11.67%
Miami-Fort Lauderdale-Pompano Beach Florida 11.2 3.06% 13.96%
San Jose-Sunnyvale-Santa Clara California 11.2 -4.19% 2.03%
Los Angeles-Long Beach-Santa Ana California 11.4 0.66% 7.21%
Tampa-St. Petersburg-Clearwater Florida 11.7 -2.04% 11.63%
Sacramento—Arden-Arcade—Roseville California 12 -3.30% 12.39%
Providence-Fall River-Warwick Rhode Island 12.1 -3.29% 11.36%
Detroit-Warren-Livonia Michigan 13.7 -7.97% -8.21%
Riverside-San Bernardino-Ontario California 13.9 -2.58% 9.20%
Las Vegas-Paradise Nevada 14.1 -1.36% 24.19%

 

 

Unemployment by Largest Decrease in Last Year

 

City State Unemployment % May10 Month Change Year Change
Minneapolis-St. Paul-Bloomington Minnesota 6.4 -5.90% -19.55%
Denver-Aurora-Broomfield Colorado 7.7 -2.05% -9.01%
Milwaukee-Waukesha-West Allis Wisconsin 8.2 -3.75% -8.94%
Detroit-Warren-Livonia Michigan 13.7 -7.97% -8.21%
Buffalo-Niagara Falls New York 7.6 -2.20% -7.69%
Kansas City Missouri 8.3 -0.82% -7.51%
Portland-Vancouver-Hillsboro Oregon 10.2 -3.09% -6.65%
Seattle-Tacoma-Bellevue Washington 8.4 0.19% -5.66%
Charlotte-Gastonia-Rock Hill North Carolina 10.9 -2.68% -5.32%
Cleveland-Elyria-Mentor Ohio 9.1 1.57% -5.17%
St. Louis Missouri 9.2 -3.88% -4.58%
Louisville-Jefferson County Kentucky 9.9 -0.32% -4.57%
Nashville-Davidson—Franklin Tennessee 9 -2.58% -3.89%
Richmond Virginia 7.6 3.29% -0.40%
Baltimore-Towson Maryland 7.4 3.22% -0.19%
Indianapolis-Carmel Indiana 8.9 0.00% 0.00%
Washington-Arlington-Alexandria District of Columbia 6 2.90% 0.54%
Chicago-Joliet-Naperville Illinois 10.3 -3.89% 0.58%
San Jose-Sunnyvale-Santa Clara California 11.2 -4.19% 2.03%
New York-North New Jersey-Long Island New York 8.7 -0.47% 2.60%
Memphis Tennessee 10.2 -2.07% 3.54%
New York City New York 9.4 -1.01% 3.64%
Cincinnati-Middletown Ohio 9.7 -5.36% 5.29%
Salt Lake City Utah 7 1.96% 5.32%
Atlanta-Sandy Springs-Marietta Georgia 9.9 1.19% 5.84%
Phoenix-Mesa-Glendale Arizona 8.7 2.68% 6.18%
San Francisco-Oakland-Fremont California 10.1 -3.92% 6.22%
Los Angeles-Long Beach-Santa Ana California 11.4 0.66% 7.21%
Austin-Round Rock-San Marcos Texas 6.9 -1.86% 7.85%
Virginia Beach-Norfolk-Newport News Virginia 7.3 4.10% 7.96%
Columbus Ohio 8.7 -7.11% 8.43%
Connecticut Colorado 8.8 3.50% 8.51%
San Diego-Carlsbad-San Marcos California 10 -3.50% 8.58%
Riverside-San Bernardino-Ontario California 13.9 -2.58% 9.20%
Hartford-West Hartford-East Hartford Colorado 8.9 4.31% 9.47%
Boston-Cambridge-Quincy Massachusetts 8.2 -0.57% 9.87%
Dallas-Fort Worth-Arlington Texas 8.1 -1.43% 10.03%
Providence-Fall River-Warwick Rhode Island 12.1 -3.29% 11.36%
Tampa-St. Petersburg-Clearwater Florida 11.7 -2.04% 11.63%
Orlando-Kissimmee-Sanford Florida 11.1 -2.35% 11.67%
Sacramento—Arden-Arcade—Roseville California 12 -3.30% 12.39%
Jacksonville Florida 10.8 -1.84% 13.35%
Miami-Fort Lauderdale-Pompano Beach Florida 11.2 3.06% 13.96%
San Antonio-New Braunfels Texas 7.1 -2.38% 15.02%
Philadelphia-Camden-Wilmington Pennsylvania 9.4 3.44% 15.06%
Houston-Sugar Land-Baytown Texas 8.3 -1.03% 17.33%
Pittsburgh Pennsylvania 8.5 5.33% 20.07%
Las Vegas-Paradise Nevada 14.1 -1.36% 24.19%

About Author

Ryan is the founder of Real Return Real Estate™ , a company focused on buying property at extreme discounts, selling and renting with cash flow.

1 Comment

  1. Thats alot of people unemployed ! Wonder what it would be like if everyone actually had a job ! Never loose your job, if you didnt like it , youll just be transfered some where. From what I have read some parts of the country are hit harder than some causing the state to faulter from even functioning correctly. Lets all hope these numbers dwindle up soon! Cause God knows I need a Job !

Leave A Reply

Pair a profile with your post!

Create a Free Account

Or,


Log In Here

css.php