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DC-area unemployment rate falls to 3.1%

Unemployment rates continued to move lower in most of the nation’s metropolitan areas, with the jobless rate in the D.C. metro region falling to a new pandemic low in November.

The Bureau of Labor Statistics says the D.C. region’s November unemployment rate was 3.1%, down from 3.3% in October, and 3.9% in November 2021.



Baltimore’s unemployment rate fell to 3.5% in November, down from 4.0% in October and 4.7% a year earlier.

Fargo, North Dakota, had the lowest metro unemployment rate in the country last month, at just 1.5%. El Centro, California, had the highest, at 16.7%.

Among cities with a population of 1 million or more, Minneapolis continued to have the lowest unemployment rate in November, at 1.9%. Las Vegas had the highest big city jobless rate, at 5.6%.

The Bureau of Labor Statistics posts annual changes in metropolitan unemployment rates monthly, and changes in civilian workforce 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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