Youngstown posts largest gain in manufacturing in US
Although the city’s economic performance remains one of the worst among the nation’s largest metropolitan areas, Youngstown has shown signs of economic recovery last quarter, posting the largest gain in manufacturing employment in the country.
Youngstown’s manufacturing employment jumped by 8.9 percent in the second quarter of 2010, the nation’s largest gain in that sector, according to a report released by the Brookings Institution this week.
The report, which tracks the economic recession and recovery in the 100 largest U.S. metro areas, showed that the Youngstown area also saw one of the nation’s sharpest declines in unemployment between June 2009 and June 2010. The jobless rate in the Youngstown-Warren-Boardman metro area dropped 1.6 percentage point in that period.
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