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US Metro Employment (Aug.)

The greater number of metros seeing a decline in total jobs in August comes as little surprise given the slowdown in the national data this month. But for the major six metros and poorer performing, historically manufacturing-focused metros, the bigger concern is that total employment remains short of its pre-pandemic highs. This may persist for some time as remote workers and businesses choose to locate in other more “desirable” metros where taxes, the cost of living and climate are more favourable.

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