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megimoo
09-15-2011, 08:57 PM
Combine high unemployment, a stagnant economy and basement-level housing prices, and what have you got?

The most miserable cities in America, according to Brookings, of course! The think tank combined every major U.S. city's unemployment rate, level of employment, gross metropolitan product and housing prices to create an index of utter wretchedness......Nationwide economic progress in the second quarter was "uneven and unsure" and some by measures we're back in recession....... The worst cities are clustered in former housing bubble areas like Florida and California.

#1 Las Vegas
Unemployment: up 7.5%
Employment: down 13.4%
Gross Metropolitan Product: down 12.8%
Home prices: down 64.5%
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#2 Riverside, California
Unemployment: up 6.2%
Employment: down 12.7%
Gross Metropolitan Product: down 7.3%
Home prices: down 54.6%
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#3 Sacramento
Unemployment: up 5.6%
Employment: down 11.2%
Gross Metropolitan Product: down 7.3%
Home prices: down 53.4%
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#4 Stockton, California
Unemployment: up 7.2%
Employment: down 10.4%
Gross Metropolitan Product: down 4.9%
Home prices: down 63.9%
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#5 Cape Coral, Florida
Unemployment: up 3.9%
Employment: down 16.9%
Gross Metropolitan Product: down 15.5%
Home prices: down 59.5%
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#6 Sarasota, Florida
Unemployment: up 4.2%
Employment: down 15.3%
Gross Metropolitan Product: down 9.1%
Home prices: down 55.4%
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#7 Palm Bay, Florida
Unemployment: up 5.2%
Employment: down 12.3%
Gross Metropolitan Product: down 5.0%
Home prices: down 55.3%
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#8 Miami
Unemployment: up 5.8%
Employment: down 8.9%
Gross Metropolitan Product: down 6.2%
Home prices: down 52.5%
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#9 Fresno, California
Unemployment: up 7.2%
Employment: down 8.9%
Gross Metropolitan Product: down 3.5%
Home prices: down 53.2%
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#10 Tampa, Florida
Unemployment: up 4.8%
Employment: down 9.9%
Gross Metropolitan Product: down 6.6%
Home prices: down 48.1%
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http://www.businessinsider.com/the-most-miserable-cities-in-america-2011-9?op=1