Saturday, November 23, 2024
HomeBusinessUnemployment Rate in DC Area Falls to 2.8 Percent

Unemployment Rate in DC Area Falls to 2.8 Percent

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Washington, D.C. metro region has seen its unemployment rate fall down to 2.8 percent in October, which is down from 2.9 percent in September, according to recently released data from the Labor Department’s Bureau of Labor Statistics.

A total of 3,490,959 people are currently in the workforce and 98,545 are seeking a job in the Washington metro area.

The D.C. area is also among the 240 metro areas around the United States that have a lower year-over-year joblessness in October. The rate was 3.1 percent in October last year.

The rates went up in 121 metros, while they remained the same in 28.

Out of the metro areas that have a population of at least one million, Salt Lake City managed to reach the lowest October unemployment rate, which was 1.9 percent. New Orleans, on the other hand, registered the highest figure — 4.4 percent — in October.

As for the national figures, October’s unemployment rate was 3.3 percent, down from 3.5 percent last year.

The new data was published by the federal Bureau of Labor Statistics on November 27.

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