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7 fastest shrinking cities

Whether it's due to crime, a lack of jobs or Mother Nature, these cities lost residents faster than any others last year, according to the Census Bureau.

Binghamton, N.Y.

shrinking cities binghamton new york
  • 1-year population change: -0.7%
  • Change from 2000 to 2010: -0.2%

The economy of this small, upstate New York city was long dominated by a few large companies, including shoe manufacturers and later, IBM, according to Clifford Kern, a professor of economics at the University of Binghamton.

As IBM gradually morphed from a computer maker into an IT services giant in the mid-2000's, most of the company's 15,000 local workers lost their jobs.

The area's major remaining employers include defense contractors Lockheed Martin and BAE Systems. Nevertheless, unemployment, at 9.6% in February, was nearly two percentage points higher than the national rate.

The economic woes have left Binghamton with little to offer newcomers. "It's not attracting people for the quality of life nor for the weather," said Kern.

Source: U.S. Census Bureau
Population loss is over the 12 months ending July 1, 2012.
  @CNNMoney - Last updated April 05 2013 09:58 AM ET

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