April employment reports are out for metropolitan areas and I’m not sure where to start.
Maybe with New York. The New York-Newark-Jersey City metro area lost nearly two million jobs in April on a year-over-year basis, about one out of every five total jobs in the region. That’s an astounding number, even by our recently expanded capacity to be astounded. New York lost more jobs than the next three largest metropolitan economies–Los Angeles, Chicago, and Dallas–combined.
Other “highlights” from the employer survey:
Nonfarm payroll employment decreased by 10% or more in 269 of the 389 metropolitan areas in April. On a percentage basis, some of the steepest declines were concentrated in tourism economies–Atlantic City (-33%), Kahului (-25%), Myrtle Beach (-23%), Las Vegas (-21%)–and in regions with significant shares of employment in manufacturing. Michigan, in particular, was hammered. Regional economies in Detroit, Grand Rapids, and Flint lost about one out of every four total jobs.
Forty-one metropolitan areas lost 100,000 or more jobs in April compared to a year earlier, including all but ten of the largest regional economies with employment of 500,000 or more. Of those large regional economies, the best performers in April were Dallas (-7.6%), Phoenix (-7.6%), Salt Lake City (-7.8%), and Birmingham (-7.9%). Rounding out the top ten were Houston (-8.5%), San Antonio (-8.7%), OKC (-8.7%) Jacksonville (-8.9%), Washington (-9.0%), and Austin (-9.1%).
From the household survey:
In April, unemployment was 10% or higher in 337 of the 389 metropolitan areas in the country; 20% or higher in 35 metropolitan areas.
One out of every three people in the labor force were out of work in April in Kahului, Kokomo, Las Vegas, and Atlantic City.
BLS summary and tables are available here.