Industrials

The American City With The Most People Out Of Work

ernestoali / iStock via Getty Images

The jobs situation in America has improved significantly since the start of the COVID-19 pandemic. THE EMPLOYMENT SITUATION for November showed that the country added 210,000 jobs last month. The unemployment rate dropped to 4.2%.

Last April, the jobless number soared to 14.2% as the virus spread. Just two months earlier, in February, the unemployment rate was 3.5%, the lowest level in five decades.

The BLS releases unemployment data by both state and city as well. The most recent for metros was the METROPOLITAN AREA EMPLOYMENT AND UNEMPLOYMENT — OCTOBER 2021. The government researchers wrote that “Unemployment rates were lower in October than a year earlier in 386 of the 389 metropolitan areas, higher in 1 area, and unchanged in 2 areas, the U.S. Bureau of Labor Statistics reported today. A total of 110 areas had jobless rates of less than 3.0 percent and 2 areas had rates of at least 10.0 percent.”

In two cities, the unemployment rate was remarkably low, and each had the equivalent of full employment. Logan, UT-ID had a jobless rate of 1.1%. Provo-Orem, UT’s was 1.2%.

At the far end of the spectrum, the jobless rate in El Centro, CA was 17.7%. It has had a rate much higher than the national figure for years. El Centro is the 240th largest metro with a population of 179,702 according to the 2020 Census. That rose 2.96% from 2010.

In October, El Centro’s civilian labor force was 68,370. Of those 12,084 were unemployed.

El Centro is at the center of the huge agricultural region which is inland from California’s largest coastal cities, in particular Los Angeles and San Diego. Work in the region is often seasonal, and the drought that has crippled much of California has not spared that area . A number of the Mexican workers who collect job benefits in El Centro actually live in Mexicali, just across the border from Mexico.

The jobs problem in El Centro is probably permanent. It is hard to image that either the composition of jobs or of workers will change much, if at all.

Click here to read Virtually Everyone Has A Job In This US City

 

Credit Card Companies Are Doing Something Nuts

Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.

It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.

We’ve assembled some of the best credit cards for users today.  Don’t miss these offers because they won’t be this good forever.

 

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.