Thursday, April 29, 2010

99 of 100 metros lost jobs in past year

bizjournals.com

Ninety-nine of the nation’s 100 largest markets -- including Buffalo -- have fewer private-sector jobs now than they did a year ago, according to a report released Wednesday by the U.S. Bureau of Labor Statistics.

The sole exception is Augusta, Ga., which added 100 private-sector jobs between March 2009 and the same month this year.

The biggest declines occurred in the Chicago market, which lost 133,200 private-sector jobs during the past year, and the New York City area, which lost 133,000.

Buffalo’s year-to-year decline totaled 4,600 private-sector jobs, which ranked 22nd on a list that went from Augusta's gain down to the biggest losses. More than three-quarters of America’s 100 major metros suffered bigger drops in raw numbers.

Click here for the latest employment data for all 100 markets.

Wichita, Kans., suffered the worst 12-month decline in percentage terms. Its private-sector employment fell 6.0 percent between March 2009 and March 2010. Las Vegas was next with a drop of 5.9 percent.

Buffalo posted one of the nation’s 10 smallest declines on a percentage basis, 1.1 percent.

Other information released by the Bureau of Labor Statistics on Wednesday:

• Seventeen of the top 100 markets have expanded their employment bases during the past half-decade, led by Houston, which has 142,300 more private-sector jobs now than it did in March 2005. Austin was second with a five-year gain of 55,200 jobs.

• Los Angeles suffered the biggest decline since 2005, losing 344,500 private-sector jobs. Detroit came next with a drop of 318,600. Buffalo’s five-year loss was 11,500.

• Forty-eight markets have gained private-sector jobs over the past decade. Houston was again the leader, with a 10-year increase of 205,000 jobs. Washington was the runner-up with a pickup of 202,900 jobs since March 2000.

• Nearly half a million private-sector jobs have vanished from the Detroit area during the past decade -- 474,700, to be precise. That’s by far the worst decline suffered by any top 100 market. Buffalo’s 10-year loss was 27,500 private-sector positions.

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