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ADVANCING EXCELLENCE IN ECONOMIC DEVELOPMENT
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| The California Association for Local Economic Development,
(CALED) is the premier statewide professional economic
development organization dedicated to advancing excellence
in economic development in California
Contact us for further information at 916-448-8252
or at www.CALED.org
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CALIFORNIA BUSINESS MINUTE
Cities Where the Economies Are Getting Worse
04-05-11
Hi, I am Tim Johnson and welcome to the California Business Minute.
It appears that even though California saw 100,000 jobs created in February there are
communities where things may be getting worse. Forbes.com analyzed 85 of the largest
Metropolitan Statistical Areas; (MSA’s) using a methodology to determine the state of
economies based upon unemployment, mortgage delinquency rates, home price forecasts,
population migration and job growth projections. Forbes used data from Moody’s.com,
the Bureau of Labor Statistics and a real estate consulting firm from North Carolina
to acquire information on each MSA. Unfortunately, for California, 6 out of the Top 15
are from California. However, it was also identified that while not on the top of the
ranking, Phoenix, Orlando, Miami, and Las Vegas with high unemployment, and poor job
growth could and should be watched as areas for getting worse.
CITIES (MSA’s) WHERE THE ECONOMIES ARE GETTING WORSE
1. Riverside/San Bernardino
2. Stockton
3. Detroit, MI
4. Los Angeles
5. Bakersfield
6. San Francisco
7. Sacramento
8. Jacksonville, FL
9. Springfield, MA
10. Memphis, TN
11. Cleveland, OH
12. Chicago, IL
13. Dayton, OH
14. New Haven, CT
15. Poughkeepsie, NY
I am Tim Johnson and this has been the California Business Minute.
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INSIDE CALIFORNIA'S ECONOMY
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