Thursday, July 1, 2010

Portland Metro Area Unemployment Rate Higher than Metro National Average, But Improved Faster than Other Metro Areas.

WSJ has story HERE, with data indicating that Portland Metro May 2010 unemployment rate at 10.2% is still higher than national unemployment rate of 9.3%.

I prepared table HERE which took table from WSJ story and added additional comparisons; rankings are from worst (1) to best (49). 

Some Portland Metro observations:

  • Portland metro ranking improved, by dropping from 7th worst to 14th worst from May 2009 to May 2010. 
  • Portland's May 2010 unemployment rate of 10.2% remained above the median unemployment rate of 9% for the 49 largest metro areas. 
  • Portland was only one of 15 metro areas to see improvement from May 2009 to May 2010 with an unemployment rate that was a .6 point decline, compared to a 49 metro area median increase of .5 points. Only 5 other metro areas had a higher point unemployment rate decline than Portland did during this time period. (Minneapolis, Detroit, Charlotte, Buffalo, and Milwaukee).
Originally created and posted on the Oregon Housing Blog.

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