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DC metro unemployment rate falls to pandemic-era low 2.9%

The D.C. metro area’s unemployment rate fell to 2.9% in February, down from 3.0% in January and 3.2% a year earlier, according to the Bureau of Labor Statistics.

Among cities with a population of at least one million, Birmingham, Alabama and Miami tied for the lowest unemployment rate, at 2.2%. Las Vegas still has the highest big city jobless rate, at 6.0% in February.



Among all metros, Ames, Iowa, and Madison, Wisconsin had the lowest unemployment rates, at 1.9% in February. El Centro, California again had the highest at 15.6%.

The Bureau of Labor Statistics also reports that unemployment rates were lower in February than a year ago in 228 of the 389 metropolitan areas, higher in 131 and unchanged in 30. A total of 95 metro areas had jobless rates of less than 3.0%, and 12 had rates of 8.0% or higher.

Unemployment rates are not seasonally adjusted.

The Bureau of Labor Statistics posts monthly metropolitan area unemployment rates and changes in civilian labor force.

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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