According to the Brookings Institute, few private sector jobs were created in May, as nearly all the employment growth that month was due to temporary hiring for the Census. See when areas began to shed jobs, the extent of their overall employment losses, and trends in recent job growth/decline.
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The seasonally adjusted national unemployment rate fell from 9.9 percent to 9.7 percent in May, but that was mainly the result of a decline in the number of people looking for work. Nearly half the unemployed were jobless for more than six months. The data available for the nine quarters since the start of the Great Recession indicate that the nation had recovered a smaller percentage of jobs than at a corresponding time after the start of any of the previous three recessions.
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View interactive maps below:
1. CLICK HERE FOR OVERALL PERFORMANCE
The MetroMonitor ranks the 100 largest metro areas based on their performance relative to one another on a combination of indicators.
See when areas began to shed jobs, the extent of their overall employment losses, and trends in recent job growth/decline.
3. CLICK HERE FOR UNEMPLOYMENT RATE
Unemployment rates provide a view of labor market distress experienced by workers in metropolitan areas across the country
4. CLICK HERE FOR GROS METROPOLITAN PRODUCT
Gross metropolitan product (GMP) is the broadest measure of metropolitan economic performance, similar to gross domestic product at the national level.
5. CLICK HERE FOR HOUSING PRICES
The maps below bove, for the 100 largest metro areas, the: (a) change in the Federal Housing Finance Administration’s House Price Index
6. Real Estate Owned Properties
The maps above display, for the 100 largest metro areas, the share of all mortgageable properties in the last month of the most recent quarter that have been foreclosed, failed to sell at auction, and are owned by the lending institution, and the change in that share over the prior 3 months.
