Houston Unemployment Falls To 7.6%

The Labor Department is reporting more than 90% of the nation's metropolitan areas had lower unemployment rates in November 2011 than a year earlier.

The Bureau of Labor Statistics says 224 metro areas reported unemployment rates below the U.S. figure of 8.2%. 137 areas reported rates above it, and 11 had rates equal to that of the nation.

Greater Houston unemployment fell nearly a full percentage point to 7.6% in November 2011 from 8.5% in November 2010.

Of the metro areas with a population of 1 million or more, Miami-Fort Lauderdale saw the largest year-over-year drop in unemployment, with a decline of 2.5 percentage points.  The only large area with an over the year jobless rate increase was Chicago, which rose 0.6 of a percentage point. 

The BLS also says nearly two-thirds of the nation’s metro areas reported over-the-year increases in hiring. Greater Houston led the nation with nearly 88,000 new jobs. Dallas-Fort Worth came in second with more than 57,000. Boston was third with over 50,000.

Bio photo of Andrew Schneider

Andrew Schneider

Business Reporter

Andrew Schneider joined KUHF in January 2011, after more than a decade as a print reporter for The Kiplinger Letter...