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Orange County ranked seventh worst for high-paying jobs
Forbes identifies the region, among others, as not so lucky.
By Christine BorrmannPublished: July 21, 2009 11:25 AM
Forbes has released its list of the "Worst Cities for High-Paying Jobs," and the Santa Ana-Anaheim-Irvine area – or Orange County – came in at No. 7.
Forbes notes that the unstable real estate industry and the slumping high-tech sector have played a part in the loss of positions in professional and business services in the region. Yet, 18 percent of Orange County’s economy is composed of these services, according to Forbes.
The publication also cites the fact that business service employment in the Orange County region fell drastically – Forbes says by "double-digit rates" – in the last year. (June's unemployment rate in O.C. was 9.2 percent, according to the most recent stats from the state's Employment Development Department.)
Job loss was a common thread among all 10 of the cities ranked by the publication. A number of the regions on the list were also hurt by the cost of running the area itself, according to Forbes.
The complete list of the "Worst Cities for High-Paying Jobs" is as follows:
10. Detroit-Livonia-Dearborn, Mich.
9. Edison-New Brunswick, N.J.
8. Minneapolis-St. Paul-Bloomington, Minn.-Wis.
7. Santa Ana-Anaheim-Irvine, Calif.
6. Orlando-Kissimmee, Fla.
5. Atlanta-Sandy Springs-Marietta, Ga.
4. Los Angeles-Long Beach-Glendale, Calif.
3. Chicago-Naperville-Joliet, Ill.
2. Warren-Troy-Farmington Hills, Mich.
1. Phoenix-Mesa-Scottsdale, Ariz.
Related headlines
Two Orange County hospitals land on U.S. News' best list
St. Joseph Health System will lay off 159 workers
Orange County bankruptcies up 62 percent
Readers Feedback:
I'm surprised it wasn't number 1.
Comment at 7/21/2009
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Forbes has released its list of the "Worst Cities for High-Paying Jobs," and the Santa Ana-Anaheim-Irvine area – or Orange County – came in at No. 7. Forbes notes that the unstable real estate industry and the slumping high-tech sector have played a part in the loss of positions in professional and business services in the region. Yet, 18 percent of Orange County’s economy is composed of these services, according to Forbes. The publication also cites the fact that business service employment in the Orange County region fell drastically – Forbes says by "double-digit rates" – in the last year. (June's unemployment rate in O.C. was 9.2 percent, according to the most recent stats from the state's Employment Development Department.) Job loss was a common thread among all 10 of the cities ranked by the publication. A number of the regions on the list were also hurt by the cost of running the area itself, according to Forbes. The complete list of the "Worst Cities for High-Paying Jobs" is as follows: 10. Detroit-Livonia-Dearborn, Mich. 9. Edison-New Brunswick, N.J. 8. Minneapolis-St. Paul-Bloomington, Minn.-Wis. 7. Santa Ana-Anaheim-Irvine, Calif. 6. Orlando-Kissimmee, Fla. 5. Atlanta-Sandy Springs-Marietta, Ga. 4. Los Angeles-Long Beach-Glendale, Calif. 3. Chicago-Naperville-Joliet, Ill. 2. Warren-Troy-Farmington Hills, Mich. 1. Phoenix-Mesa-Scottsdale, Ariz. Related headlines Two Orange County hospitals land on U.S. News' best list St. Joseph Health System will lay off 159 workers Orange County bankruptcies up 62 percent |
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Readers Feedback:
I'm surprised it wasn't number 1.
| Comment at 7/21/2009 |
