It isn’t getting any easier to find a job in Richmond.
The metro area has shed 8,900 jobs in the last year, according to recently released figures from the U.S. Bureau of Labor Statistics.
The Business Journals cranked the numbers and ranked Richmond 98th in employment growth. Richmond was among 23 metros where the job market has shrunk, compared to 77 that saw gains over the last year.
Richmond had non-farm 592,500 jobs in August, 1.48 percent fewer than the 601,400 jobs it had in August.
It isn’t getting any easier to find a job in Richmond.
The metro area has shed 8,900 jobs in the last year, according to recently released figures from the U.S. Bureau of Labor Statistics.
The Business Journals cranked the numbers and ranked Richmond 98th in employment growth. Richmond was among 23 metros where the job market has shrunk, compared to 77 that saw gains over the last year.
Richmond had non-farm 592,500 jobs in August, 1.48 percent fewer than the 601,400 jobs it had in August.
Thanks Obama!
@Mark,
I assume you’re thanking him that 77% of the markets included in the statistics saw gains in employment over the year., correct?
More proof that there are NO jobs in Richmond. Texas seems to grow them on trees though.
Touche’, Jay!!
@Jay. Sure. Obama has a definite track record in the business world. Well-known businessman with an understanding new business development, tax codes, entrepreneurship, EEOC regulations, licensing regulations. The works. But I forgot the name of the business he ran. It was … ??
@Ann,
With all due respect, what does that have to do with the fact that 77% of the markets included in the statistics showed employment gains during the year of the statistics?
I will also add that a “track record in the business world” is not a prerequisite for presidency. Thank God. I don’t know that I necessarily want my Beloved Country run like by a businessman.
Jay, read the article carefully. It does not say 77% of the markets, it says 77 markets. Big difference.
And if Richmond is 98th out of the top 100, what does that say about all the other markets outside of the 100 (hint, there are more than 100 metro markets in the US)
77 out of 100 markets sampled = 77%.
Touche Dave!
@ Dave. I’ve read the article several times. The statistics only include the top 100 metro areas. So 77 of those = “77% of the markets included in the statistics”. Also, Dave, the top 100 metro areas were selected based on population of those markets, not on economic conditions or change in employment statistics. Therefore, Richmond’s rank at 98th in the list of 100 largest metro areas actually say nothing about all the other 267 defined metro areas outside the 100 (except that less people live in those job markets). Richmond’s ranking stands only relative to the 100 top metros,… Read more »
For a metro area as small as Richmond to be bleeding 8,000+ jobs in a year is nothing to right home about. That’s actually really bad. Then again, nothing is nice about Atlanta losing 30,000 jobs however it’s also 4-5x the size of this place.
sorry, *write* not *right*
A good question would be what types of jobs have disappeared? Are they high paying corporate jobs?
My guess is that given Richmond was the most oversaturated retail market in the country pre-recession, many of the net job losses were in the retail industry.