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DC-area unemployment rate creeps up

The unemployment rate in the D.C. metro region in May was 3.3%, after having fallen to a pandemic low of 3.0% in April.

A year earlier, the D.C. region’s unemployment rate was 5.1%.



Nationwide, the Bureau of Labor Statistics reports unemployment rates were lower than a year ago in 385 of the 389 metropolitan areas. A total of 150 metro areas had an unemployment rate of less than 3%. The national unemployment rate in May was 3.4%.

Unemployment rates for metropolitan areas are not seasonally adjusted.

The lowest unemployment rates in the nation last month were in Mankato and Rochester, both in Minnesota, at 1.3% each. The highest was in Yuma, Arizona, at 14.4%.

Among metro areas with a population of 1 million or more, Minneapolis had the lowest unemployment rate, at 1.6%. Cleveland had the highest, at 5.5%.

BLS posts monthly metropolitan unemployment rates, and changes to civilian labor forces online.

How to negotiate debt with your credit card company

If you haven't been paying off your credit cards in full every month, you're not alone. According to the Federal Reserve Bank of New York, U.S. household credit card debt increased by $144 billion between the second quarter of 2022 and the second quarter of 2023. Depending on how much debt you have, you might not feel confident about getting out from under it. However, learning how to negotiate credit card debt can provide you with a way to get relief.
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