Skip to comments.Unemployment rises in 98% of cities
Posted on 02/04/2009 9:47:55 AM PST by the_devils_advocate_666
NEW YORK (CNNMoney.com) -- In a sign that job losses are felt in every corner of the nation, unemployment rates rose in 98% of metropolitan areas across the country in December, according to a recent government report.
Morgantown, W.Va., had a rate of just 2.7%, the lowest in the country. Morgantown houses West Virginia University, which is the town's largest employer. The University has a large hospital and pharmaceutical manufacturing component - areas of the economy that are actually adding jobs.
Of the 49 metropolitan areas with a population of at least 1 million, Detroit had the largest unemployment rate, at 10.6%, followed by San Bernadino, Calif., with 10.1%. Detroit's labor force has been slammed by dreadful auto sales, and the sinking California housing market has dragged down construction jobs in that area.
(Excerpt) Read more at money.cnn.com ...
“Every month we delay the stimulus, 500 million Americans lose their jobs.”
I’m sure that will trickle down to Morgantown, WV in 6 or 7 months. (/sarcasm off)
Morgantown and southward along that I79 corridor have been booming for a few years now. Over the past decade I’ve noticed quite a bit of development. The FBI’s not hurting anything ;)
“500 million Americans?!?!!?!!?!??!”
Hmmm. Maybe I should strap Granny to the roof, and head off t’ West Virginny.
Unemployment at 98%? We’ve got a issue, Captain!