Using Unemployment in Determining Potential Upcoming Real Estate Emerging Markets

What is a key indicator to emerging markets?

As we experience all the changes with inflation, mortgage rates and recession, there are key indicators that we want to keep track of as investors.

Whether you are currently knowledgeable or are learning how to evaluate emerging markets, you must do your research.

• Be sure to check out our article, How to Evaluate Emerging Markets, for more insight on this topic.

Today we will discuss the statistics related to unemployment that are currently available. 

Let’s get started.

Unemployment by Metropolitan Area

There are 389 general metropolitan areas and 51 major metropolitan areas that the Bureau of Labor Statistics reports on.

Today, we will review the most current data regarding unemployment and the over-the-year changes as of November 2022.

In understanding unemployment trends, we can increase our potential to making better investment decisions.

• Increases in employment means increases in commerce for any local metropolitan area. Decreases in employment can eventually mean the opposite.

For each review, we will show the top twenty and bottom twenty performers.

Note: Each chart is linked to it’s source from the U.S. Bureau of Labor Statistics.

Top 20 Unemployment-Rate Rankings for 389 General Metropolitan Areas

• It is worth mentioning that Minnesota is on the list five times, Utah four times, Missouri three times and Alabama twice.

Bottom 20 Unemployment-Rate Rankings for 389 General Metropolitan Areas

• It is worth mentioning that California is on the list eight times, Texas three times and Illinois and Washington both twice.

Top 20 Over-the-Year Change in Unemployment-Rate Rankings for 389 General Metropolitan Areas

It is worth mentioning that all these metropolitan areas saw an improvement in unemployment.

• Pennsylvania is on the list five times.
• New Mexico is on the list four times.
• New Jersey is on the list four times.
• Texas is on the list four times.

Bottom 20 Over-the-Year Change in Unemployment-Rate Rankings for 389 General Metropolitan Areas

It is worth mentioning that all these metropolitan areas saw an increase in unemployment.

• Washington is on the list six times.
• Oregon is on the list six times.
• Indiana is on the list three times.

Unemployment by Major Metropolitan Area

There are 51 major metropolitan areas that the U.S. Bureau of Labor Statistics reports on.

We will review the same data points for these major metropolitan areas as we did for the 389 general metropolitan areas.

• A major metropolitan area is determined by a population, according 2010 census data, of one million people or more.

Top 20 Unemployment-Rate Rankings for 51 Major Metropolitan Areas

• It is worth mentioning that Florida is on the list four times and both California and Missouri twice.

Bottom 20 Unemployment-Rate Rankings for 51 Major Metropolitan Areas

• It is worth mentioning that California is on the list four times, Pennsylvania three times and Texas, Washington, and New Jersey all twice.

Top 20 Over-the-Year Change in Unemployment-Rate Rankings for 51 Major Metropolitan Areas

It is worth mentioning that all these metropolitan areas saw an improvement in unemployment.

• California is on the list six times.
• Pennsylvania is on the list three times.
• Maryland is on the list three times.
• Florida is on the list twice.

Bottom 20 Over-the-Year Change in Unemployment-Rate Rankings for 51 Major Metropolitan Areas

It is worth mentioning that all these metropolitan areas saw an increase in unemployment.

• North Carolina is on the list three times.
• Indiana is on the list three times.
• Wisconsin is on the list three times.
• Virginia is on the list twice.
• Ohio is on the list twice.

Conclusion

As you review where markets may be emerging, it is important to keep up with trends.

As we approach year-end earning reports, for many corporations, it is likely that unemployment will change over the next year.

Be sure to keep these locations in mind and continue to watch for updates as they occur.

Thanks for joining us today faithful readers – future leaders.

Love ya and continue to strive for growth.

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Please comment what metropolitan areas you like.