Yesterday we took a look at markets around the country with the highest rates of growth (over the past 6 months) in the
manufacturing employment supersector.
Interestingly we received several emails deriding our mention of the Rust Belt’s loss of automotive jobs. We are genuinely sorry that some of our readers find that news unpalatable; however, the data is sadly true.
As a system we are confronted with the data on a daily basis; almost without exception over the past decade states that have fostered favorable economic environments for business have attracted companies from states that fail to do so. There is also a very, very strong correlation between a state’s current economic vitality and whether or not they are a right-to-work state.
Michigan supporters won’t be happy with today’s data either; today we’re looking at markets that have had the weakest growth in the manufacturing supersector over the past six months. In today’s economy, that translates to states with job losses in the manufacturing supersector.
In our humble opinion, states that continue to foster antagonist relationships with employers will be waving goodbye to those employers with greater frequency as the economy tightens even further.
Here are the markets in our database as of today that have the lowest rate of growth in the manufacturing supersector. Data reported is a 6-month rolling average of the annualized rate of manufacturing supersector growth reported monthly by the BLS.
1. Flint, MI -23.2%
2. Detroit, MI -14%
3. Cape Coral, FL -14%
4. Ann Arbor, MI -14%
5. Santa Fe, NM -9.1%Database Average: -1.4%
Database Median: -1.3%
Tomorrow we’ll take a look at the markets around the country with the highest multifamily occupancy rates.
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