Monday, January 23, 2012
Cities that have the longest way back from the recession
This is an interesting article that breaks down the top five cities that have the furthest track back from the recession. A large determinant of this study is based on the recovery of jobs in the areas. Many of these cities revolve around one particular industry in their area and due to the struggles of that product, the city and its citizens are suffering as well. Sitting at number five in order to number one is Flint, MI, Champaign-Urbana, IL, Santa Barbara-Santa Maria-Goleta, CA, Reno-Sparks, NV, and Carson City, NV. The manufacturing industry is very large in Flint and has continued to struggle with the recession and is the reason for a loss of several thousand job and they expect to only regain approximately 600 jobs by the end of 2012. At the top of the list, Carson City is still currently losing jobs and is not even projected to recover any by the end of the year. It is tragic to see these cities struggle so much through the recession and even more sad to think that many people there have no way of leaving or escaping the downfall. Poverty is becoming more and more normal in those cities which leads you to wonder if these cities will ever be able to recover from the losses.
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3 comments:
I was surprised to see 2 cities/areas in Nevada to be on this list, before reading I thought it would be old industrial cities or a lot of cities from Michigan killed by the downfall of GM, Ford and Chrysler. But once I thought about the Nevada cities it made sense because this areas depend on tourism and Las Vegas and with people losing their job/having less money people will not be traveling to Las Vegas.
My high school was near both of those NV cities. That was back in 2005~2007 but I knew the cities weren't doing well. There were many depreciating buildings and the streets were empty. I agree with Brady, those cities in NV are losing attraction and the current recession is pushing these cities to edge.
Looks like we need another New Deal era to boost government jobs and specific economies..
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