Posted on 04/28/2010 10:00:13 PM PDT by MamaDearest
The economic recovery hasn’t arrived quite yet.
Ninety-nine of the nation’s 100 largest markets -- including Buffalo -- have fewer private-sector jobs now than they did a year ago, according to a report released Wednesday by the U.S. Bureau of Labor Statistics.
The sole exception is Augusta, Ga., which added 100 private-sector jobs between March 2009 and the same month this year.
The biggest declines occurred in the Chicago market, which lost 133,200 private-sector jobs during the past year, and the New York City area, which lost 133,000.
Buffalo’s year-to-year decline totaled 4,600 private-sector jobs, which ranked 22nd on a list that went from Augusta's gain down to the biggest losses. More than three-quarters of America’s 100 major metros suffered bigger drops in raw numbers.
Click here for the latest employment data for all 100 markets
Wichita, Kans., suffered the worst 12-month decline in percentage terms. Its private-sector employment fell 6.0 percent between March 2009 and March 2010. Las Vegas was next with a drop of 5.9 percent.
Buffalo posted one of the nation’s 10 smallest declines on a percentage basis, 1.1 percent. Other information released by the Bureau of Labor Statistics on Wednesday:
• Seventeen of the top 100 markets have expanded their employment bases during the past half-decade, led by Houston, which has 142,300 more private-sector jobs now than it did in March 2005. Austin was second with a five-year gain of 55,200 jobs.
• Los Angeles suffered the biggest decline since 2005, losing 344,500 private-sector jobs. Detroit came next with a drop of 318,600. Buffalo’s five-year loss was 11,500.
• Forty-eight markets have gained private-sector jobs over the past decade. Houston was again the leader, with a 10-year increase of 205,000 jobs. Washington was the runner-up with a pickup of 202,900 jobs since March 2000.
• Nearly half a million private-sector jobs have vanished from the Detroit area during the past decade -- 474,700, to be precise. That’s by far the worst decline suffered by any top 100 market. Buffalo’s 10-year loss was 27,500 private-sector positions.
I was expecting DC to be the sole exception. Not sure why (smile)
Snip: ABC News laid off 22 employees on Tuesday, the final step in a round of more than 350 cuts at the network.
The network expected it would have to lay off far more staffers, but more than 300 took voluntary buyouts. A source with knowledge of the network's plans said ABC slashed between 350 and 400 staffers from its headcount.
Before the cuts, ABC News employed about 1,400 staffers.
They were naming "cities" thus wouldn't this be DC rather than WA state? Your expectation was mine as well!
Washington was the runner-up with a pickup of 202,900 jobs since March 2000.
They are probably in DC working for obie.
Thank you. Hohoho!
Not “ho-ho” over metro jobs. Just ABC.
More to follow!
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