Youngstown,OH made the list? It’s almost as bad as Detroit.
It looks like the top 101 SMSA’s were the only ones considered.
http://www.marketwatch.com/Story/story?Guid=%7BF69C76F0-8373-4353-8B17-33219D7FCEC5%7D
The 10 metrics:
1. Fortune 1000 companies per capita
2. S&P 500 companies per capita
3. Forbes Private Companies per capita
(How extensive is this list?)
4. Russell 2000 companies per capita
5. (concentration of companies, satellite operations,
annual payroll, employment)
I’m guessing the concentration of companies is
obtained from the first four metrics. It also doesn’t
explain how they obtained the number of satellite
operations.
6. Unemployment in September 2001
7. Unemployment in September 2005
8. Unemployment in September 2009.
It says they checked population growth since 2000 and job growth versus population growth — those can’t be additional metrics if there are only 10. The story does not say those are metrics, only that they looked at them.
9. real GDP
10. job losses from September 2008 to September 2009.