Unemployment rates fell in most cities in MarchJobless rates fell or remained level in three-quarters of the 372 largest metropolitan areas in March, according to USA Today. This is viewed as a sign the economic recovery is widespread.
The unemployment rate dropped in 69 percent of cities, rose in 24 percent of cities and was unchanged in the remaining cities. This is an improvement compared with February, when the jobless rate fell in 51 percent of metro areas and increased in one-third.
Additionally, earlier this month, it was reported employers added 162,000 jobs in March; however, despite the growth, the U.S.' 9.7 percent unemployment rate did not budge.
And unemployment still is widespread, with 28 cities reporting jobless rates above 15 percent in March—15 of those cities were in California and five were in Michigan. Unemployment topped 10 percent in 164 cities in March compared with 187 cities in February.
Among the 49 cities with a population of 1 million or more, Detroit had the highest jobless rate at 15.5 percent, and New Orleans had the lowest at 6 percent.
Date : 4/29/2010