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DC metro unemployment falls to new pandemic low

The unemployment rate in the Washington metro region in November fell to 3.6%, the lowest since early 2020, and down from 6.4% a year earlier.

The unemployment rate in November in the District itself fell to 5.2% from 8.4% a year earlier.

Unemployment rates are not seasonally adjusted.

The D.C. metro’s civilian workforce totaled 3.37 million at the end of November, gaining 24,000 jobs from a year earlier.

Baltimore’s unemployment rate in November fell to 4.2%, down from 6.1% in November 2020.

Nationwide, the Labor Department’s Bureau of Labor Statistics reports all 389 metropolitan areas reported lower unemployment rates for November than a year earlier.

Among cities with a population of 1 million or more, Salt Lake City had the lowest unemployment rate in November, at just 1.4%, followed by Oklahoma City at 1.7%.

Los Angeles and Las Vegas had the highest big city unemployment rates in November, at 6.4% and 6.3% respectively.

Among all metropolitan areas, Lincoln,Nebraska, and Logan, Utah, tied for the lowest November unemployment rates, at just 1.1% each. El Centro, California had the highest, at 15.5%

Oil prices slip and Asian shares are mostly lower as investors sell chipmaker stocks

HONG KONG (AP) — Oil prices fell Wednesday and Asian shares were mostly trading lower as South Korea’s Kospi extended its losses after falling more than 16% over the past two days. Crude prices remain volatile after the U.S. said early Thursday it had conducted a “heavy wave” of strikes against Iran, responding to an attack on a U.S. base. U.S. futures edged higher after losses on Wall Street. In South Korea, recent drops in its benchmark Kospi, a big beneficiary of the global boom in artificial intelligence, have been seen by some analysts as a reflection of broader doubts about massive investments by technology giants in expanding capacity for AI.
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