The Minneapolis metropolitan area has the largest ratio of residents working than any other large U.S. metro area, according to the Bureau of Labor Statistics.
The BLS reported that Minneapolis has an unemployment rate of 4.7 percent, according to preliminary data for May 2013.Memphis, Tenn. had the highest unemployment rate with 9.5 percent of residents reporting they were jobless.
Unemployment Rates for Largest U.S. Metropolitan Areas
1. Minneapolis, Minn. 4.6 percent
2. Oklahoma City, Okla. 5 percent
3. Seattle, Wash. 5.2 percent
4. Austin, Texas 5.4 percent
5. Birmingham, Ala. 5.5 percent
6. Washington, D.C. 5.6 percent
7. Columbus, Ohio; Richmond, Va.; San Francisco, Calif. 6 percent
10. Boston, Mass.; Virginia Beach, Va. 6.1 percent
Lindsay Machak is an assistant editor with Multifamily Executive magazine. Follow her @LMachak to start a conversation.