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DC metro’s unemployment rate inches up to 3.3%

The Washington metro area’s unemployment rate remains below the national average, but it did move up in October, to 3.3% from 3.1% in September. In October 2021, it was 4.1%.

The Bureau of Labor Statistics reports 135 metropolitan areas had unemployment rates of less than 3% in October. The national unemployment rate was 3.4% in October.



The Washington region also ended October with 64,300 more jobs than a year ago, a job growth rate of 2%.

Among metro areas with populations of 1 million or more, Minneapolis had the lowest unemployment rate in October, at 1.7%. Las Vegas had the highest rate, at 5.6%.

Among all metropolitan areas, Mankato, Minnesota, had the lowest unemployment rate at 1.3%. Yuma, Arizona, had the highest, at 17.9%.

Find the Bureau of Labor Statistics posts monthly unemployment rates and change in nonfarm payrolls online.

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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