I’m not sure what to make of this, but it caught my eye: Overall, the reading on local economies is still grim though, as home prices continue to fall and unemployment rates remain historically high, the report said. The list of strongest-performing areas included several middle American cities that were boosted by an uptick in manufacturing jobs and home price declines that were more modest than in other parts of the nation. The weakest performers were mostly sunbelt cities which saw some of the largest declines in home prices and continue to lag behind the rest of the country. Honolulu just jumps off the page for me.
Continue ReadingWhere The Jobs Aren’t
When the economy is in a downturn, most people wonder when will it bottom out. I’m not sure if we have bottomed yet or not, but Yahoo has a quick story listing the 5 cities that will lose the most jobs this year (speculative, of course): The New York area is expected to lose 181,000 jobs in 2009, the report said. Consulting company IHS Global Insight produced the report for the group. The Los Angeles area is expected to see 164,000 lost jobs, in part because of the huge drop in home prices that has punctured the California economy. After New York and Los Angeles, the Miami area is expected… Read More
Continue Reading