This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

High Unemployment, Growing Skills Gap, And Demand For Survival Services Key Concerns Among City Officials New Report Shows

WASHINGTON, April 4, 2013 /PRNewswire-USNewswire/ -- A national survey of city officials released today shows that despite improvement in many economic health indicators, cities around the country report their economies have not yet rebounded due in large part to slow income and job growth. The basic needs of cities' most vulnerable populations are growing, local employer requirements outpace workforce skills, and high unemployment rates continue to plague cities, according to a new National League of Cities (NLC) report.

(Logo - http://photos.prnewswire.com/prnh/20081022/NLCLOGO)

"While today's report shows some signs of progress, it reminds local leaders across the country that we must continue to drive economic development and job growth in our communities every day," said NLC President Marie Lopez Rogers, Mayor, Avondale, AZ.  "We cannot have a full economic recovery if our most vulnerable residents are being left behind; accelerating this turnaround requires strong, common sense leadership in Washington who understand that the health of our national economy is directly linked to strong economies in cities and who are willing to support smart investments in cities."

The 2013 survey of city's chief elected officials signals a sluggish overall economic recovery in cities and towns across the United States, despite a broader national recovery. While just over half (52%) of respondents reported improvement in unemployment, two-thirds of city officials said that persistently high unemployment rates continue to cause economic instability in their communities. Further, the changing nature of the economy has underscored the need for local workforces with skills appropriately matched with local employer demand, but data from cities reflects that a skills gap is actually becoming more prevalent.

More than one in two city officials (53%) report that current local workforce skills are posing a problem for the economic health of their community. An overwhelming number of city officials (88%) also reported that workforce alignment has not improved over the past year. Education plays a factor too; more than eight in 10 (82%) of officials responded that the percentage of their population with a post-secondary degree has not increased.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,550.69 -47.51 -0.27%
S&P 500 2,093.32 -4.72 -0.22%
NASDAQ 5,105.5460 -9.8360 -0.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs