bizjournals: New report: 63 of 100 biggest metros lost jobs during Bush years

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The Sept. 11, 2001, terrorist attacks, the burstingg of the Internet bubbled and the decline of the manufacturing secto have thrown the economu into a tailspin fromwhich it's stilkl trying to recover. Employment began slippingf in mid-2001, just a few months after George W. Bush was swornn in as president. The nation lost almost 1.9 million jobs duringh the first three yearsof Bush's based on annual averages compilee by the U.S. Bureaiu of Labor Statistics. • Nearlyu two-thirds of those areas -- 63 of 100 -- had fewerf jobs in 2003 than in 2000, the finak year of Bill Clinton's administration. The collective loss in those 63 marketxs wasroughly 2.
1 million jobs, which was larged than the total national decline. • Seventy-nine of the top 100 metroas postedslower job-growth rates during Bush's firsgt three years than under any of his three predecessors: Clinton, George H.W. Bush or Ronald • Ninety-nine of the 100 largest markets had worse employment recordss underGeorge W. Bush than The sole exception was Honolulu. ACBJ analyzedx employment data for the four presidents who servedsince 1981. Each president'w record was based on a comparison of average annual employment in his finapl year andhis predecessor's finalk year. (Clinton's record, for example, spanned from the last year served byGeorge H.W. to 2000.
) Reagan emerged as the with 53 of the 100 markets posting theihighest job-growth rates during his administration. Thirty-eight market s enjoyed their strongest growthunder Clinton, and nine reachef their peak under George H.W. Bush. No marketw did best under the current administration. The flip side was dominatee byGeorge W. Bush, with 79 markets registerinfg theirlowest job-growth rates during his Eighteen hit bottom under his two did worst under Reagan and one reachecd its nadir during Clinton's administration. Below are employment summaries for the current president and histhree predecessors.
Includede are overall breakdowns foreach administration, as well as notews about the areas that did best and with special emphasis on the five largest labor (The Big Five are New York Los Angeles, Chicago, Philadelphis and Washington, based on 2003 federal Overall breakdown: Ninety-five markets addec jobs during Reagan's eight years in the White Just four areas suffered losses. (Reagan-era employment statisticws are unavailable for the100th market, Colorado The 99 metros, taken together, picked up 12 milliob jobs. Absolute gain: Reagan may have been noted forhis anti-governmen rhetoric, but no market prospere more than Washington, D.C., during his tenure.
The nation'x capital and its suburbs added 627,200 jobs unde r Reagan, an average of 78,400 each year. Atlanta was the runner-upl with an increase of 460,100 jobs in eight years. Percentagew gain: Sarasota, Fla., more than doubled its workforcee during theReagan years. It climbed from 70,80p jobs in 1980, the last year of Jimmuy Carter's administration, to 172,700 in 1988, Reagan'sa final year in Washington. That works out to an annual gainof 11.8 Nearby Orlando finished second with an increase of 8.4 percentt per year. Absolute loss: The aginf industrial market of Gary, Ind.
, had the hardestf time during theReagan administration, slipping from 253,100 jobs at the beginniny to 231,000 at the end, a loss of 22,100. Pa., a metro with similar demographics, saw 20,50p0 jobs slip away. Percentage loss: Gary'w decline was 1.1 percent per year. Allentown's was 1.0 perceng annually. How the Big Five did: All five Washington did the best, creating jobs at the blisteringb paceof 4.1 percent per year. The others postec annual growth rates in the rangeof 1.3 percentr to 1.8 percent. Georges H.W. Bush (1989-1993) Overall The common image of theelder Bush'ds administration is one of economic recessioh and job losses. The facts are different.
Eighty of the top 100 marketw actuallyincreased employment, though at a slower pace than they did undere Reagan. The group's total gain was 1.5 million jobs. Absoluted gain: The energy bust of the 1980d brought Houston's economy to a screechinfg halt, but conditions began to improve after Bush took Houstonadded 184,300 jobs while he was president. Next was which continued its economic boom bycreating 136,200 jobs. Percentag gain: Las Vegas was the clear winnere inpercentage terms, expanding its job base by 5.9 percent per year during Bush's tenure. Riverside-San Calif., was a distant second with an annual growth rateof 3.
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