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Mayors sound alarm over unemployment

Double-digit unemployment expected to linger in 75 markets through 2011

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New job creation will barely outpace growth in the labor force in 2011, and 75 of 363 U.S. metros will still have double-digit unemployment by the end of the year, according to a report commissioned by the U.S. Conference of Mayors.The report, prepared by IHS Global Insight, forecasts that the national unemployment rate will drop from the current 9.1 percent to 8.6 percent by the end of the year but stay above 8 percent until late 2013.Before the recession, only 50 metro economies had jobless rates above 6 percent, compared with 331 in April. The report concludes that by 2015 unemployment will still exceed 6 percent in 198 metros, and be above 10 percent in 13 markets. Washington, D.C., and Oklahoma City will continue to be among the large metros with the lowest jobless rates, the report said, while the rate is forecast to remain the highest among communities in California's Central Valley. "The sputtering housing market is certainly having a significant negative impact on the Ca...