The year 2009 was an annus horribilis for American workers, a new report from the Bureau of Economic Analysis shows, and in almost every city — almost. Personal income declined in more than two-thirds of American metropolitan areas, and only when counting unemployment benefits. Without government transfers, personal income only rose in 57 of 366 metropolitan areas. And in that 57, only five urban areas saw personal income gains from increased activity in the private sector. [...] Read the rest »
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