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Featured Advisor



Srbo Radisavljevic
Managing Principal/Investment Advisor

Edge Portfolio Management

City:Northbrook

State: IL



BIOGRAPHY:
At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, following Chicago sports, enjoying ethnic cooking, and serving as a school board member for Norridge School District 80.

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Unemployment Rates Drop in Majority of Metropolitan Areas in October

Two Hundred eight-eight metropolitan areas reported over-the-year increases in jobs

| BY Donald Liebenson

Unemployment rates were lower in October than a year earlier in 329 of 372 metropolitan areas, the U.S. Bureau of Labor Statistics reported Wednesday. They were higher in 37 areas and unchanged in six. The national unemployment rate in November was a not seasonally adjusted 7.5 percent, down from 8.5 percent from the same period in 2011.

Thirty-five metropolitan areas reported unemployment rates of at least 10 percent, down from 80 areas a year earlier, while 180 areas posted rates below 7 percent, up from 107 areas in October 2011. A total of 213 areas recorded October unemployment rates below the national average, while 149 areas reported rates that were higher and 10 areas had unemployment rates that were equal to that of the nation.

For yet another month, Yuma, Ariz. And El Centro Calif, Calif. Recorded the nation’s highest unemployment rates in October, 29.8 percent and 28.1 percent, respectively. Bismark, ND registered the lowest with 2,2 percent.

Pascagoula, Miss.’s 3.1 percentage point drop in its unemployment rate was the nation’s largest over-the-year decline in October, followed by Elkhart-Goshen, Inc. (2.9 points) and Ocala, Fla. (2.8 points. Twenty-six additional metropolitan areas posted decreases in their over-the-year unemployment rates of 2 or more percentage points.

Among the 49 metropolitan areas with a Census 2000 population of at least 1 million, Riverside-San Bernadino-Ontario, Calif. Posted the highest unemployment rate in October, followed by Las Vegas-Paradise, Nev. The lowest unemployment rate among the large metropolitan areas was 4.9 percent recorded in Oklahoma City.

Over-the-year increases in nonfarm payroll employment were recorded in October in 288 metropolitan areas, while 80 reported decreases and four had no change. New York-Northern New Jersey-Long Island, NY-NJ-PA added 128,000 jobs, the largest over-the-year employment increase. The largest over-the-year percentage gain in employment was 8.5 percent, recorded in Lafayette, La.

The largest over-the-year decrease in employment occurred in Milwaukee-Waukesha-West Allis, Wis (5,800 jobs). Lawton, Okla. Posted the largest over-the-year percentage decrease in unemployment, 3.9 percent.



About the Author


Donald Liebenson

dliebenson@millionairecorner.com

Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.  

A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.