Providence Ranks Last in New Job Creation
Thursday, March 29, 2012
While cities like Oklahoma City, Pittsburgh, and Richmond led the United States in job growth, Providence scored the lowest of the top 50 metro areas. Oklahoma City's score was a net score of 25 which is calculated in the Gallup measure by measuring the percentage of companies hiring (37%) and deducting the percent letting people go (12%).
Pittsburgh, Richmond and the Nashville-Davidson metro area each ranked 2nd with a score of 22%.
Providence was ranked lowest with a score of 5% (27% hiring and 22% letting go). Riverside metro area in California ranked second lowest with a net score of 6%.
The results are based on Gallup Daily tracking interviews with U.S. workers conducted from January-December 2011. Gallup interviewed at least 698 respondents in each of the 50 largest metro areas in 2011, including 1,000 or more in 38 metro areas. Nationwide in 2011, an average of 31% of U.S. workers said their employer was hiring, while 18% said their employer was letting workers go, for a U.S. Job Creation Index score of +13.
According to Gallup:
Gallup's Job Creation Index tends to be a strong predictor of jobless claims at the national level, and these results at the local level may also be an indicator of future local unemployment rates. The top five large metros in Gallup's Job Creation Index for 2011 had an average unemployment rate of 7.4% in January 2012, according to not-seasonally adjusted data from the U.S. Bureau of Labor Statistics, while the bottom five large metros' unemployment rates averaged 10.7%.
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Comments:
David Beagle
6:56am on Thursday, March 29, 2012
How much more bad news has to surface before democrats around here realize that their way of doing business just doesn't cut the mustard any more?
TOM LETOURNEAU
8:23am on Thursday, March 29, 2012
In order to have jobs you have to have businesses that can create those jobs!
With the sky high property taxes in Providence, especially on business owners and it also having the highest per-thousand vehicle property tax rate in the state....why would any business want to locate in Providence?
And, just how bad and in how many ways is it bad in Providence!
ARE YOU READY?
Here is a great example!!!
Providence is the ONLY Capital City in the entire Country that DOES NOT HAVE a new car dealership within its boundaries!
And with its overly aggressive approach to ripping off visitors with parking rates and fines....it won't be long before other businesses pack up their bags and leave because of lost income from people no longer coming to visit, shop and spend money!
I have not been to any of its great Restaurants, PPAC, The Dunk, The Civic Center, Waterplace Park and WaterFire, a P-Bruins Game in years and have no intentions to ever, again, do so!
RI WILL BE SAVED
12:32pm on Thursday, March 29, 2012
Is anyone surprised? Yes the city that has been ruined by Cicilline and run by Democrats. Democrats=Cicilline=no jobs=no future=ranked last! It is time to put in a new team statewide and STOP ELECTING DEMOCRATS! If this was private enterprise they would all be FIRED. It is time to elect Republicans and restore balance to Providence and to our state. It is time to stop the special interests and the cronyism. Then Rhode Island will be saved!