From the end of 2007 through mid-2009, the United States went through one of the worst recessions in its history. During the recession and in the months that followed, the U.S. labor market shed millions of jobs, and the unemployment rate peaked at 10%
The nation is nearing the 10-year anniversary of the official end of the recession and the beginning of the recovery. Today, after 95 months of uninterrupted job growth and unemployment falling below even pre-recession levels, it appears that the nation has more than fully recovered from the economic crisis.
However, in many major U.S. cities, the recovery has either fully stalled or has not been strong enough to offset the jobs lost during the recession.
In several dozen U.S. cities, job levels remains well below the levels before to the recession, even as total U.S. employment has increased by 5% since 2007. In these cities, unemployment remains high — even after thousands have given up looking for work and no longer count among the officially unemployed.
24/7 Wall St. identified the U.S. cities where the total number of people employed fell by at least 10% between 2007 and 2017. We excluded those cities where employment did not fall by at least 15% in the five years immediately following the start of the recession. Many of these places have faced longer-term economic issues, including high unemployment, and the recent recession only worsened matters. In addition to high unemployment, nearly all these cities struggle with such issues that plague areas with shrinking economies such as low or declining incomes.