Since the U.S has been in the recovery stages of the COVID-19 pandemic, the labor market has recovered significantly; still, some cities are plagued with high unemployment rates.
The national unemployment rate is currently 3.6%. This is 76% lower than the high of 14.7% during the peak of the pandemic, but still slightly higher than the pre-pandemic's historic low.
Unemployed citizens fell to 5.95 million in March 2022, while employment increased to 158.45 million. The labor force participation rate increased to 62.4%, its highest level since March 2020.
See Also: 10 States Where Gas Costs The Most
Individuals unable to work because their employer closed the business due to the pandemic or who are suffering from post-COVID ailments are some of the factors contributing to the high unemployment rates of the following 10 cities.
The list below was compiled by the U.S. Bureau of Labor Statistics.
City | Unemployment Rate | Change From 2020 |
Detroit, Mi | 10% | 15.91% |
Cleveland, OH | 8.20% | 21.43% |
Dover, DE | 6.80% | 28.17% |
Newark, NJ | 6.60% | -0.43% |
Bridgeport, CT | 6.60% | 6.74% |
Stockton, CA | 6.40% | -15.66% |
Philadelphia, PA | 6.30% | 3.18% |
Las Vegas, NV | 6.30% | 35.72% |
Wilmington, DE | 6.20% | 11.01% |
Brownsville, TX | 6.10% | -3.04% |
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.