Las Vegas Metro Area Unemployment Up Nearly 3 Percent In May

The Bureau of Labor Statistics reported today that the Metro Las Vegas-Paradise area registered the second largest over-the-year jobless rate increases in May, 2.8 percent, just behind Yuma, AZ, which posted a 2.9 percent increase.

The next largest rate increases were Yuba City, Calif. (+2.6 percentage points), and Carson City, Nev. (+2.5 points). Seven other areas reported rate increases of 2.0 percentage points or more. Two Indiana areas posted the largest over-the-year unemployment rate decreases: Kokomo (-6.6 percentage points) and Elk-hart-Goshen (-4.8 points). Four additional areas reported rate decreases of at least 2.0 percentage points.

Unemployment rates were higher in May than a year earlier in 222 of the 372 metropolitan areas, lower in 141 areas, and unchanged in 9

areas, the U.S. Bureau of Labor Statistics reported today. Thirteen areas recorded jobless rates of at least 15.0 percent, while 9 areas registered rates below 5.0 percent. The national unemployment rate in May was 9.3 percent, not seasonally adjusted, compared with 9.1 percent a year earlier.

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