Minneapolis has the lowest unemployment rate for a major U.S. city

Chau Tu Jul 3, 2013

Minneapolis has the lowest unemployment rate for a major U.S. city

Chau Tu Jul 3, 2013

Time to move to Minneapolis (or St. Paul). The Bureau of Labor Statstics released its list of the major U.S. metropolitan cities (population rates over 1 million people) with the lowest unemployment rates. Topping the list for May 2013 were the Twin Cities of Minnesota, with an unemployment rate of 4.7 percent. The Minneapolis-St. Paul metro area beat out recent list-topper Oklahoma City, which now sits in 2nd place with 5 percent unemployment.

New York, by the way, ranks 37th on the list; Los Angeles is at 42. Memphis, Tenn., is at the bottom of the list, with an unemployment rate of 9.5 percent.

Check out the top 10 list, and the entire list on the BLS site. Does news like this convince you to make the move?

Unemployment Rates for Large Metropolitan Areas
Monthly Rankings
Not Seasonally Adjusted
May 2013p
Rank Metropolitan Area Rate
1 Minneapolis-St. Paul-Bloomington, MN-WI Metropolitan Statistical Area 4.7
2 Oklahoma City, OK Metropolitan Statistical Area 5.0
3 Seattle-Tacoma-Bellevue, WA Metropolitan Statistical Area 5.2
4 Austin-Round Rock-San Marcos, TX Metropolitan Statistical Area 5.4
5 Birmingham-Hoover, AL Metropolitan Statistical Area 5.5
6 Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Statistical Area 5.6
7 Columbus, OH Metropolitan Statistical Area 6.0
7 Richmond, VA Metropolitan Statistical Area 6.0
7 San Francisco-Oakland-Fremont, CA Metropolitan Statistical Area 6.0
10 Boston-Cambridge-Quincy, MA-NH Metropolitan NECTA 6.1
10 Virginia Beach-Norfolk-Newport News, VA-NC Metropolitan Statistical Area 6.1

 

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.