The 9 American Cities Nearly Destroyed by the Recession

he nation continues to be mired in an anemic, jobless recovery. And according to a report commissioned by the United States Conference of Mayors, and prepared by IHS Global Insight, many regions in the country still continue to lose jobs. Of the 363 U.S. metropolitan regions reviewed by IHS, only 61 will fully recover all the jobs that were lost during the recession by the end of this year. The rest will recover far fewer — the average city will only recover roughly 40% of jobs lost from peak employment. 24/7 Wall St. examined the nine metropolitan regions that are projected to recover less than 5% of the jobs lost during the recession by the end of 2012. These cities, in particular, were hurt by the housing crash, the loss or decline of an industry, and a reduction in government services and jobs. Continue reading this article

here

.