Providence Ranked 94th Out of 102 Cities for Economic Ranking

Tuesday, November 13, 2012

GoLocalProv Business Team

The new is bad. Just plain bad for Mayor Angel Taveras and the City of Providence.

Providence ranks 94th among all U.S. cities in a new index tracking the economic strength of the nation's largest metro areas. What is worse? Only 102 cities were ranked.

The bottom three - Riverside, CA (100), Las Vegas (101) and Tampa St. Pete (102).

GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLAST

Oklahoma City was ranked first in the country and Boston ranked ninth. 

The report was developed by a coalition of business journals.

Providence Rank:

Rank 94

Metro Providence

Overall score 28.615

Short-term score 28.911

Short-term rank 91

Long-term score 28.317

Long-term rank 87

5-year private-sector growth -6.60%

1-year private-sector growth 0.67%

Unemployment rate 9.8%

Earnings per worker $817.23

5-year earnings growth 9.41%

1-year earnings growth 4.80%

5-year house appreciation -22.58%

1-year house appreciation -2.08%
 

Enjoy this post? Share it with others.