WNY takes 2 of top 4 cities

[JÂy RÛßeÒ]

http://news.yahoo.com/s/ap/20100319/ap_on_...ro_unemployment

 

WASHINGTON – Call them the Final Four: The four large cities that have made it through the Great Recession with the smallest increases in unemployment.

 

Minneapolis, Buffalo, Oklahoma City and Rochester, N.Y., don't have much else in common. But a government report shows they've had the smallest increases in joblessness over the past two years among cities with at least 1 million people.

[Chef Jim]

http://news.yahoo.com/s/ap/20100319/ap_on_...ro_unemployment

 

That's because WNY's been in a recession for 25 years. Sorry, couldn't resist.

[WVUFootball29]

That's because WNY's been in a recession for 25 years. Sorry, couldn't resist.

 

I was about to say the jobless rate didn't spike here because it was already way higher than the national average. Hard to show an area lost jobs when there weren't many to begin with.

[kegtapr]

That's because WNY's been in a recession for 25 years. Sorry, couldn't resist.

 

Which is probably why we don't understand what the big deal is. Job cuts? Pfffffft.

[Jim in Anchorage]

They beat the housing bubble also. Course since price's have not risen since 1952,that was a little easer.

[Tortured Soul]

That's because WNY's been in a recession for 25 years. Sorry, couldn't resist.

 

 

I was about to say the jobless rate didn't spike here because it was already way higher than the national average. Hard to show an area lost jobs when there weren't many to begin with.

If you take the time to read the stories, you'll see the unemployment rates are below the national average.

[Alaska Darin]

If you take the time to read the stories, you'll see the unemployment rates are below the national average.

It's still a very poor article because it concentrates on simple statistics. I'd like to know what the "under employment" rates and demographic statistics (private versus public, white versus blue, etc) say.

[Chef Jim]

If you take the time to read the stories, you'll see the unemployment rates are below the national average.

 

Buffalo's unemployment rate was 9.2 percent in January. That's high but below the national rate of 9.7 percent. It rose only 2.9 percentage points during the recession.

 

While the national unemployment rose by over 5% during the same two years.

[Lurker]

I was about to say the jobless rate didn't spike here because it was already way higher than the national average. Hard to show an area lost jobs when there weren't many to begin with.

Annual Unemployment Rate

 

Buffalo Metro Area

 

2006 5.1%

2007 4.9%

2008 6.0%

2009 8.4%

 

United States

 

2006 5.1%

2007 4.6%

2008 5.8%

2009 9.3%

 

Los Angeles Metro Area

 

2006 4.4%

2007 4.8%

2008 7.0%

2009 11.0%

 

Las Vegas Metro Area

 

2006 4.3%

2007 4.7%

2008 6.6%

2009 11.9%

 

Rochester Metro Area

 

2006 4.6%

2007 4.6%

2008 5.6%

2009 7.9%

[Steve O]

WASHINGTON – Call them the Final Four: The four large cities that have made it through the Great Recession with the smallest increases in unemployment.

 

Minneapolis, Buffalo, Oklahoma City and Rochester, N.Y., don't have much else in common. But a government report shows they've had the smallest increases in joblessness over the past two years among cities with at least 1 million people.

 

 

Um...shouldn't this be cities less then 1 million? January 15 2009 8 of my co-workers were laid off. At least 6 are still unemployed (to be fair, two of them haven't really tried to find anything). Lost track of the other two.

[Marv's Neighbor]

That's like saying the Murder Rate is down AFTER everyone's been killed!