Suburbs Drive Unemployment Growth
April 01, 2011
In the three years since the recession began the number of unemployed in the nation increased by 90 percent, or 6.6 million people. As our latest geographic drill-down shows, much of that growth was driven by more than 3 million additional unemployed people in the suburbs (1.2 million in cities) of the largest metropolitan areas. Levels of unemployment in suburbs remain about twice the level of unemployed in cities.
Is the Economic Recovery Running Out of Steam?
June 15, 2010
Nationwide, the economic recovery looks more fragile than it did just a few months ago. GDP is growing at a moderate pace but not nearly as rapidly as at the end of last year. Almost no private sector jobs were created in May. The unemployment rate dipped from 9.9 percent in April to 9.7 percent in May, but mostly because fewer people were looking for work. Nearly half the unemployed in May were out of work for more than six months.