• The unemployment rate has fallen over the 12-month period ending in September of 2011, in the majority of the 154 markets monitored by NAR Research.
  • The largest decline occurred in Farmington, New Mexico where the unemployment rate fell from 9.1% to 6.5% for an improvement of 2.6 percentage points.
  • Six of the markets with the largest declines in unemployment rates are areas that were hardest hit by the decline in the housing market and the economy; markets in Florida, Michigan, and Nevada.
  • Curious about unemployment rates in your market? For more information, see the Local Market Reports for the 3rd quarter of 2011.