Job Market in a Slump

November 27, 2012 Updated Nov 27, 2012 at 8:14 AM EDT

By WKBW News

November 27, 2012 Updated Nov 27, 2012 at 8:14 AM EDT

The job market is not looking too good. Four-fifths of America's major metros have fewer private sector jobs than before the recession.

On Numbers analyzed employment trends for 102 metros, all with populations over 500,000.
87 lost jobs since 2007. Only 17 gained jobs.

Buffalo Niagara is one of the decliners, losing 4,200 private sector jobs in five years. But researchers say that's still better than 76 major markets.

The strongest market for job growth is Houston, followed by Austin and San Antonio.
The biggest losses are Los Angeles, Chicago, Miami-Fort Lauderdale and Phoenix.

Earnings are on the rise for those who have jobs. On Numbers says the average worker in America is bringing home nearly $814 a week, compared to less than $800 a week last year. That's an increase of nearly $17. Four-fifths of the nation's major metro areas are moving upward on the payscale.

You can read more in this week's Business First.

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