Unemployment down? For these five cities, it has gone up.

1. Palm Coast, Fla.– 16.0% unemployment (15.5%)

Maurice Rivenbark/ZUMA Press/Newscom/File
This gated community in Palm Coast, Fla., is shown in 2002, when property prices were rising and construction was booming. Today, the construction industry is shrinking and the area faces 16 percent unemployment.

Unlike the other cities on this list, Palm Coast wasn't founded by settlers, but rather by a corporation. Levitt Residential Communities, Inc. developed the city in the 1969. No one industry has been most responsible for its high unemployment rate. Small losses spread over many industries have simply added up to a big unemployment problem. Like other cities struggling to recover, construction continues to take the biggest hit, but Palm Coast’s financial industry is also struggling. There are now 200 fewer financial services jobs, about a quarter of the jobs in that field. In June 2009, when the US recovery began, unemployment stood at 15.5 percent and has since drifted higher.

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