Scary unemployment in metro areas
An analysis by IHS Global Insight looks at unemployment in major metro areas:
Looking ahead, payrolls will be rising in most metros for consecutive quarters a year from now, but the unemployment rate will have shown little improvement, as employment gains will not be sufficient to absorb enough job seekers. A third of metro areas will have jobless rates in double digits in the fourth quarter of 2010, with 16 exceeding 15%. … By the end of 2012, the jobless rate will still be above historic norms, but it will finally slip below 8% in more than half of metro areas.