Prov.-Warwick has largest jobless rate drop in Jan. by large metro

WITH A 2.1 percentage point decline, the Providence-Warwick metropolitan area had the largest jobless rate decrease among the 47 metropolitan areas with a population of 1 million or more that had over the year unemployment rate drops in January, according to the federal Bureau of Labor Statistics.
WITH A 2.1 percentage point decline, the Providence-Warwick metropolitan area had the largest jobless rate decrease among the 47 metropolitan areas with a population of 1 million or more that had over the year unemployment rate drops in January, according to the federal Bureau of Labor Statistics.

PROVIDENCE – With a 2.1 percentage point decline, the Providence-Warwick metropolitan area had the largest year-over-year unemployment rate decrease among the 47 metropolitan areas with a population of 1 million or more that saw a decrease in January, according to the federal Bureau of Labor Statistics.
The unemployment rate in January for the Providence-Warwick metropolitan area was 7.3 percent, a 2.1 percentage point drop from January 2014’s 9.4 percent, the agency reported.

Of the 51 metropolitan areas with a population of 1 million or more, Salt Lake City had the lowest unemployment rate in January at 3.6 percent, followed by Austin-Round Rock, Texas, and Oklahoma City, Okla., 3.7 percent each. Memphis, Tenn.-Miss.-Ark., had the highest jobless rate among the large areas, 7.9 percent.

The national unemployment rate in January was 6.1 percent, not seasonally adjusted, a decrease from 7 percent a year earlier.

The federal agency said unemployment rates were lower in January than a year earlier in 339 of the 387 metropolitan areas, higher in 38 areas and unchanged in 10 areas. Three areas had jobless rates of
less than 3 percent and 17 areas had rates of at least 10 percent.

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Nonfarm payroll employment also increased over the year in 357 metropolitan areas, decreased in 25 areas, and was unchanged in five areas.

The Providence-Warwick area was one of the areas that experienced an increase, gaining 8,200 jobs for a total of 556,600, a 1.5 percent increase compared with January 2014.

The largest over-the-year employment increases occurred in New York-Newark-Jersey City, N.Y.-N.J.-Pa. (+179,600). The largest over-the-year percentage gain in employment occurred in Midland, Texas (+9.3 percent).

The largest over-the-year decrease in employment occurred in Gulfport-Biloxi-Pascagoula, Miss. (-2,300). The largest over-the-year percentage decrease in employment was reported in Carbondale-Marion, Ill. (-1.9 percent).

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