The BLS metro report released today. Unemployment rates were up in 218 of 389 metro areas. Nonfarm employment only rose in 59 areas.
Please consider the BLS Metropolitan Area Employment and Unemployment report for January 2024.
Unemployment Rate Key Details
- Unemployment rates were higher in January than a year earlier in 218 of the 389 metropolitan areas, lower in 148 areas, and unchanged in 23 areas.
- A total of 62 areas had jobless rates of less than 3.0 percent and 13 areas had rates of at least 8.0 percent.
- Nonfarm payroll employment increased over the year in 59 metropolitan areas, decreased in 3 areas, and was essentially unchanged in 327 areas.
- The national unemployment rate in January was 4.1 percent, not seasonally adjusted, little changed from a year earlier.
- Of the 51 metropolitan areas with a 2010 Census population of 1 million or more, Miami-Fort Lauderdale-West Palm Beach, FL, had the lowest jobless rate in January, 2.4 percent.
- Los Angeles-Long Beach-Anaheim, CA, and Riverside-San Bernardino-Ontario, CA, had the highest rates, 5.5 percent each.
- Thirty-three large areas had over-the-year unemployment rate increases, 11 had decreases, and 7 had no change.
Nonfarm Payrolls Key Details
- In January, nonfarm payroll employment increased over the year in 59 metropolitan areas, decreased in 3 areas, and was essentially unchanged in 327 areas.
- The largest over-the-year employment increases occurred in New York-Newark-Jersey City, NY-NJ-PA (+160,100), Houston-The Woodlands-Sugar Land, TX (+83,300), and Miami-Fort Lauderdale-West Palm Beach, FL (+78,900).
- The largest over-the-year percentage gain in employment occurred in Madera, CA (+6.6 percent), followed by Ithaca, NY, and Yuba City, CA (+6.2 percent each).
- The over-the-year decreases in employment occurred in Portland-Vancouver-Hillsboro, OR-WA (-23,600, or -1.9 percent), Memphis, TN-MS-AR (-12,600, or -1.9 percent), and Kahului Wailuku-Lahaina, HI (-5,400, or -7.1 percent).
Top 12 High Unemployment Rate States
- California: 5.7
- Washington: 5.4
- Nevada 5.2
- Alaska: 5.2
- D.C.: 5.2
- New Jersey: 5.2
- Illinois: 5.1
- Connecticut: 5.0
- Oregon: 4.9
- Kentucky: 4.8
- West Virginia: 4.7
- Rhode Island: 4.6
Top 12 Low Unemployment Rate States
- South Dakota: 2.2
- North Dakota: 2.5
- New Hampshire: 2.6
- Nebraska: 2.7
- Vermont: 2.7
- Virginia: 2.7
- Kansas: 2.8
- Maryland: 2.8
- Wisconsin: 2.8
- Utah: 3.0
- Florida, Georgia, Hawaii: 3.1
Jobs Up 275,000 with 52,000 More Government Jobs, Employment Down 184,000
Payrolls vs Employment Gains Since March 2022
- Nonfarm Payrolls: 6,438,000
- Employment Level: +2,797,000
- Full Time Employment: +439,000
In the last 23 months, the economy added 6.4 million jobs, but full time employment only rose by 439,000.
For more discussion of the latest employment report, please see my detailed report Jobs with seven charts: Jobs Up 275,000 with 52,000 More Government Jobs, Employment Down 184,000
2024 is starting where 2023 ended. Job growth is soaring, but employment isn’t. Second, the number of jobs needed to take care of illegal immigration is a huge percentage of the increase in jobs.
Huge Percentage of Job Gains are Related to Taking Care of Immigrants
For more discussion of the above chart, please see Huge Percentage of Job Gains are Related to Taking Care of Immigrants
Unemployment is going to be highest where illegals congregate and steal jobs and suppress wages. Just look at the map and you can see the results.
Unemployment is going to highest where businesses flee high-tax states and move to more accommodating circumstances.
Mish – you need to factor this in:
Long COVID: Another Successful Fraud – Dr. Vernon Coleman
It’s now over eighteen months since I first explained why
long covid’ doesn’t exist but is being promoted by the conspirators as adisease’ to fear.It’s now over eighteen months since I first explained why
long covid’ doesn’t exist but is being promoted by the conspirators as adisease’ to fear.Today, as predicted, long covid is one of the important causes of the global recession which is devastating the world. It’s vital that we keep telling the world the truth about this imaginary disease – and how it is being used, how it has become the shirker’s dream disease and why it is the hypochondriac’s Christmas gift that keeps on giving.
My most recent article about long covid was published in October 2022 but since the mainstream media is again promoting long covid (and pretending it is a dreadful disease) I think it is worth repeating what I said then:
`The biggest and most significant research into long covid, involving 26,000 individuals, concluded that long covid is largely a psychological problem.
In America there are 12 million people off work with this imaginary disorder. In the UK there are two million long covid sufferers signed off sick – unable to work.
The truth is that people who had taken a year off work on full pay didn’t want to go back to their offices.
The evidence shows that long covid is a combination of hypochondria and malingering.
More link to lionessofjudah.substack.com
I’m part of the 5.0% employed in CT. My job search has been going well. While there is a lot of opportunity locally, I’ve applied to jobs in several red states. Being laid off is a blessing in disguise.
Good luck to you. Vote Red.
CA has more above average areas and more people live in those areas. The full time jobs are down 1.8 millon. Not all of them retired.
The left coast makes the top ten!
Jobs are BACK! Wait a sec…?
Just spent a few weeks in Florida. One day we got stuck for a bit on a main street that was 3 lanes wide and the far right one was stopped for miles. As we made our way further along, we slowed to see what was happening (thought it was a big funeral). Turns out it was a large multi-site food bank and this particular location was a church. Found out it was like this every Tuesday all day and the food bank said Covid volume was record breaking but the last few months has been massive and twice as large. They estimate a 25% to 40% higher volume of people lately. The cars lined up ranged from older damaged models to almost new Mercedes S500s, Teslas, Cayans and every other car in between
With real inflation back over 8% and the criminal FED unwilling to fight it because they ONLY serve wall street, this will only get worse
Cayans are a buyers market.
Thats sad and scary at the same time