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January 19, 2009

How will your city do in the downturn?

Posted: 08:49 AM ET

Business Correspondent Jennifer Westhoven

These are some tough numbers out today. More than 70 cities across the United States could see unemployment top 10% by the end of year, according to a study that was put together for the U.S. Conference of Mayors.

ALT TEXT

New York is among other cities expected to suffer huge job losses in the first quarter of 2009.

Sure, there’s Detroit and Cleveland and some of the Rust Belt states (Ohio, Illinois, Michigan and Indiana) … but there were also cities in Colorado, South Carolina, Washington and Florida. And there were many, many cities in California, reeling from the housing collapse.

The heaviest job losses will be in New York City, Los Angeles, Miami and Chicago – but these cities have enough jobs in other industries to cushion the blow a bit, so they may not end up at more than 10% unemployment this year. It’s often the smaller cities that depend on just a few companies or industries that can get hurt the most.

The cities that may see the least damage: Ithaca, New York; St George, Utah; and Anchorage and Fairbanks Alaska.

To find your city’s prospects, you can read the report yourself.

Warning: it’s a little hard to read the table, but try it, near the end of the report. Good luck!

See a partial list of cities that will see unemployment top 10% after the jump

Detroit MI
Jackson MI
Cleveland OH
Dayton OH
Mansfield OH
Sandusky OH
Anderson IN
Elkhart IN
Danville IL
Burlington NC
Greensboro NC
Florence SC
Myrtle Beach SC
Sumter SC
Spartanburg SC
Lexington KY
Pascagoula MS
Cape Coral FL
Ocala FL
Vero Beach FL
Colorado Springs CO
Pueblo CO
Longview WA
Yakima WA
Yuma AZ
Ocean City NJ
Vineland NJ
Mission TX
Fresno CA
Bakersfield CA
Merced CA
Stockton CA
San Bernadino CA

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patrick storm   January 19th, 2009 9:17 am ET

We'll be fine we always fined a way.

DIANNE LINDSEY   January 19th, 2009 10:06 am ET

HERE IN KY THEY ARE TRYING TO GENERATE MORE MONEY BY TAXING ALL THOSE BAD THINGS ONE SMOKES, TOBACCO IS BIG BUSINESS HERE IT WILL EFFECT MANY DIFFERENT BUSINESSES, BUT FOR SOME REASON THEY THE FOLKS OF KY WILL NOT LET CASINOS COME IN BUT YET THEY THOSE PEOPLE JUST CROSS OVER THE RIVER TO SPEND THEIR MONEY. CASINO REVENUE WOULD BE BIG BUSINESS HERE. TO HELP WITH THE STATE'S SHORTFALL OF MONEY

Phil   January 21st, 2009 3:21 pm ET

Oh!

They left Lorain, Ohio off the list again! We are a heck of a lot closer to Cleveland than Sandusky is!

We lost all major industry. Ford moved out, the steel mill is almost shut down, Marconi Electronic left, the drywall company pulled out, the sandstone grinding factory never showed up (glad of that). 75-80% of the store fronts on Broadway Ave, the main street in town or closed and or boarded up. We voted down a sales tax increase in November, but they will still go ahead with it as an emergency measure (to line city counsel pockets!). sheriff, police and fire layoffs, city job cuts, etc, etc.

I already lost everything in the tech melt down of 2000, so there's nothing left to loose!

Thank goodness I chose to retire in 2004 and my pension can't be touched!

Larry C. in Houston TX   January 24th, 2009 10:33 am ET

Hello Robin – I left the Mid – Ohio Valley in 2003.....Ever since then, I have moved to Houston, Texas, and got into my own Business, and doing very well....There is a lot of work down here in Houston, with
the population in & around Houston about 6.5 million people.....
(Houston & surrounding areas) (50 mile radius)
The only Business that is closing around here is the Circuit City Stores, other than that, Money is Flowing like water here, and the
Recession has not hit here, at all, whatsoever....As a matter of fact,
they are putting in more Starbucks in several areas, around here....
Not to mention they are building more "Strip Malls" everywhere, especially around North Houston, where the Hurricanes don't
typically bother us....
Here is our web-site, if people want to go there.....
People from California are so tired of the Forest Fires / Mud Slides /
and what not, a lot of them are moving to Texas, after selling their houses in states like Florida / & California.....We are truly building more & more houses, where in other states are not building, or is a lot slower in the building trade....

http://www.kickerillo.com/

Lauro Silva-Brazil   January 25th, 2009 12:30 am ET

Governments across the world should think more than twice before allowing bail-outs for banks.Banks keep up holding back that money aiming at their own profits, not allowing easy credits for people instead , besides laying off clerks. Laid-off people need help for sure.

Daniel Driver   January 25th, 2009 7:02 am ET

Well I live in metro Detroit/ann Arbor. the bridges are being held up with plywood and 2 by 4s. All of the factories are still like ghost towns. When you drive through the downtowns the undersides of bridges are lined with disgarded mattrisses. about 4 months ago I got through to washington journal and told everyone that Michigan was in big trouble and I hoped that it didnt spread across the country. Well now I do hope it spreads.In the past weeks Michigan was treated the gum on the bottom of the countrys shoe. Shame on the USA. Therefore I have signed the Michigan secede petiction. God bless the Republic of Michigan

buzzy oley   January 26th, 2009 8:47 am ET

I think the police should put remote control camers on major roads and start giving tickets for bad drivers by mail. They could watch five spots at once and get these fools that tailgate and talk on their phones and last but not least speeders. Most places where it is the worst the police can't pull these fools over safely!

buzzy oley   January 26th, 2009 8:56 am ET

why don't we put a 62 mph speed limit nation wide. we could cut gas consumtion by 20% or more. On a resent trip I lowered on speed from 70 to 62 and got an extra 60 miles on each tank of gas.

Larry C. in Houston TX   January 27th, 2009 2:56 pm ET

When I went back to western Pa / southeastern Oh / for a 2 week X-mas Holidays, I've noticed the fast food places such as wendy's & others only had one person attending the front counter, AND doing the drive -thru....(even though there's 6 registers on front counter)
The gal was waiting around on customers, whether it was driv thru or front counter......Amazing isn't it ?

Where I live now : when you go to ANY fast food place, you will have to WAIT in line : 6 gals working / 6 registers going / Drive thru : you have to wait in a line where there is 10 or more cars waiting, and sometimes it's backed up for 45 minutes or more.....Isn't that amazing ? Sounds like there's something weong somewhere....
( I'm not talking about just a "lunch hour" thing) (this is an "all day" thing)

Cherie   January 29th, 2009 8:03 am ET

I think here in Northeastern Louisiana ,we will not be as affected as up north,We are a college town.Go Tech Bulldogs,I suggest those layed off move down here

Tim Cannon   January 30th, 2009 7:47 am ET

i live in Cincinnati where Proctor and Gamble have their world headquarters. Our economy would not be in such sad shape here, and across the US if they PRODUCED and MADE here in the Cincy and the USA .
My question is: Of all these lay-off's from companies,, are they laying off the "OUT-SOURCED JOBS" first before our home based jobs???

Craig V.   January 30th, 2009 8:50 am ET

I agree that the Wall Street discretionary bonuses are BAD! But how many of them are actually sales commissions, where financial consultants gets over half of their annual pay from “bonuses” if they make their quota? Some of these commissions might be part of a written employment contract. The furor about the $18 billion “bonus” number needs to separate these two types.

Robyn   January 30th, 2009 9:55 am ET

I can not believe that you all make such a big deal about Obama being upset about bonuses paid by companies that took taxpayer money. He is taking money by the billions from the taxpayers and more or less throwing it away and the majority of the media praise him for it. If he really wanted to help the American taxpayer he would let them keep their hard earned money by immediately doing away with the income tax. Also, he could immediately stop the payout to millions of beneficiaries of government aid who have never paid a dime into the system. God helps those who help themselves. But, Obama, intends to punish them.

Bill   February 2nd, 2009 11:44 pm ET

Residing in Charles City, Iowa I work for Fort Dodge Animal Health, a subsidiary of Wyeth Corporation, with approximately 430 other employees. Unfortunately the Fort Dodge Animal Health Charles City, Iowa manufacturing facility is facing possible closure with the pending buyout of Wyeth Corporation by rival pharmaceutical giant Pfizer Corporation.

Since the closing of the White Farm Equipment Company in the early 1990’s, a one-time major employer in Charles City, and the more recent closing of a Winnebago manufacturing plant with 270 employees, our community of 7,812 residents now faces extinction as the only remaining major employer, Fort Dodge Animal Health, is threatened with closure if the pending Pfizer acquisition proceeds as planned: One can only imagine the economic burden of our already strained city, county and state governments as large numbers of residents will undoubtedly be forced into home foreclosure and bankruptcy due to a lack of alternate job sources in turn bringing drastic shortfalls in tax revenues. (U.S. Census Bureau, 2000)

In the midst of perhaps the worst recession since 1929 one must question the business ethics of both Wyeth and Pfizer as this proposed venture is expected to bring about $71 billion in annual revenue for Pfizer at the same time as 20,000 jobs are terminated, Wyeth CEO Bernard Poussot leaves with a $18.3 million severance while remembering that both corporations have enjoyed unprecedented profits over the past decade made possible by American consumers.

The irony of this situation is the realization that J.P. Morgan Chase, Bank of America, Citigroup and Goldman Sachs who were bailed out with TARP funds as part of the recent U.S. taxpayer funded stimulus package and is loaning Pfizer $22.5 billion of the $68 billion Wyeth purchase price will become the very means to our end as 20,000 more Americans us lose their jobs.

Rob and Becky   February 11th, 2009 9:37 am ET

Dear Jen,

We really appreciate your segments on Morning Express. Something happened to us recently that you might want to share with your viewers.

Last month while opening up a credit card statement from one of the banks whose CEO is supposed to testify today on the Hill (I won't mention any names but the initals are BOA), my wife discovered they showed we had missed a payment. Not so, couldn't be, no way! We had a confirmation number, the works!

Well, after a couple weeks of making phones calls that annoyed the living daylights out of me, we finally found what the problem was. Seems they had a "malfunction" that resulted in the loss of our on-line bill payer profile. Funny they never notifed us about this prior to us discovering the alleged late payment and that they jacked our interest rate up. We had been paying below 9%; they boosted it to 20% for the supposed late payment.

Personally I have doubts as to how accidental this might have been as I'm not a big believer in coincidence. You might want to share this with your viewers and remind them to watch those statements like a hawk, maintain meticulous records, and be ready to go to the mat in fighting these banks to get your rate restored.

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