Big Job Losses in All Major US Metros--so much for "recession-proof " cities (places, metropolitan)

[First24]

Originally Posted by LAnative10

For the longest, Houston was doing better that that. I wonder what changed?

[BlackOut]

From the same press release:


Of the 49 metropolitan areas with a Census 2000 population of 1 million or more, Detroit-Warren-Livonia, Mich., reported the highest unemployment rate in July, 17.7 percent. The large areas with the next highest rates were Riverside-San Bernardino-Ontario, Calif., 14.3 percent; Las Vegas-Paradise, Nev., 13.1 percent; Providence-Fall River-Warwick, R.I.-Mass., 12.7 percent; and Charlotte-Gastonia-Concord, N.C.-S.C., 12.4 percent.

[18Montclair]

Originally Posted by BlackOut

From the same press release:


Of the 49 metropolitan areas with a Census 2000 population of 1 million or more, Detroit-Warren-Livonia, Mich., reported the highest unemployment rate in July, 17.7 percent. The large areas with the next highest rates were Riverside-San Bernardino-Ontario, Calif., 14.3 percent; Las Vegas-Paradise, Nev., 13.1 percent; Providence-Fall River-Warwick, R.I.-Mass., 12.7 percent; and Charlotte-Gastonia-Concord, N.C.-S.C., 12.4 percent.

WOW.

We're in really bad shape right now.

[cyrusjul]

I can't believe NYC still doing relative well compare to other big cities. But what is happening in LA?

[Boston14]

I thought Detroit was the worst

[18Montclair]

Originally Posted by cyrusjul

I can't believe NYC still doing relative well compare to other big cities.

Tell that to the 100,000+ people who lost jobs in NYC.

To say that New York is doing relatively well is wrong. More like less bad. But bad nonetheless.

[18Montclair]

Originally Posted by Boston14

I thought Detroit was the worst

With a 17% Unemployment rate, it is the worst.

[Boston14]

Originally Posted by 18Montclair

With a 17% Unemployment rate, it is the worst.

Ok I knew I was right I was kind of out of it for a second there

[westhou]

Originally Posted by LAnative10

For the longest, Houston was doing better that that. I wonder what changed?

I would also like to see how many jobs were gained during that time period. Also were all these job losses due to economic cutbacks or for other reasons having nothing to do with the economy.

[18Montclair]

Originally Posted by westhou

I would also like to see how many jobs were gained during that time period.

Actually Houston had a net loss. Meaning even after you factor in job creation-you still ended the time period with a loss of 80,000 jobs.