Monday, September 3, 2012
American Cities Experiencing the Greatest Decline in Jobs
The below data comes via 24/7WallStreet.com and the "Pct. decrease of employed" is for the year-to-date. It is instructive to note that in 24/7's summary of the declines in unemployment, they point out that it is mostly the result of layoffs in local governments, and that these are small cities. States and larger cities have more room to finagle, short-term, but the budget crises that are hitting these small cities will eventually hit the larger governments---and then the mess is going to be real ugly.
10. St. George, Utah
> Pct. decrease of employed: -5%
> Decrease in people employed: -2,799 (34th largest)
> June 2009 unemployment rate: 9.9% (145th highest)
> June 2012 unemployment rate: 7.6% (148th lowest)
9. Carson City, Nev.
> Pct. decrease of employed: -5%
> Decrease in people employed: -1,308 (61st largest)
> June 2009 unemployment rate: 11.1% (90th highest)
> June 2012 unemployment rate: 11.8% (22nd highest)
8. Alexandria, La.
> Pct. decrease of employed: -5.2%
> Decrease in people employed: -3,420 (27th largest)
> June 2009 unemployment rate: 7.5% (77th lowest)
> June 2012 unemployment rate: 8.7% (148th highest)
7. Madera-Chowchilla, Calif.
> Pct. decrease of employed: -5.5%
> Decrease in people employed: -3,204 (29th largest)
> June 2009 unemployment rate: 13.5% (tied for 25th highest)
> June 2012 unemployment rate: 14.6% (10th highest)
6. Flagstaff, Ariz.
> Pct. decrease of employed: -5.6%
> Decrease in people employed: -3,936 (22nd largest)
> June 2009 unemployment rate: 8.4% (140th lowest)
> June 2012 unemployment rate: 8.3% (171st highest)
5. Michigan City-LaPorte, Ind.
> Pct. decrease of employed: -5.7%
> Decrease in people employed: -2,728 (35th largest)
> June 2009 unemployment rate: 12.1% (54th highest)
> June 2012 unemployment rate: 9.7% (74th highest)
4. Prescott, Ariz.
> Pct. decrease of employed: -5.8%
> Decrease in people employed: -5,140 (15th largest)
> June 2009 unemployment rate: 10.4% (121st highest)
> June 2012 unemployment rate: 8.7% (148th highest)
3. Champaign-Urbana, Ill.
> Pct. decrease of employed: -5.8%
> Decrease in people employed: -6,241 (13th largest)
> June 2009 unemployment rate: 8.7% (160th lowest)
> June 2012 unemployment rate: 9.1% (114th highest)
2. Brunswick, Ga,
> Pct. decrease of employed: -6.1%
> Decrease in people employed: -2,991 (31st largest)
> June 2009 unemployment rate: 9.4% (180th lowest)
> June 2012 unemployment rate: 10.5% (44th lowest)
1. Dalton, Ga.
> Pct. decrease of employed: -8%
> Decrease in people employed: -4,446 (19th largest)
> June 2009 unemployment rate: 12.7% (43rd highest)
> June 2012 unemployment rate: 12.3% (19th highest)
Read more: American Cities Losing the Most Jobs - 24/7 Wall St. http://247wallst.com/2012/08/28/american-cities-losing-the-most-jobs/#ixzz25RryKxp2
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