Economy Springfield has a notably weakened economy due to many factors, but a key cause for degradation of the economy in Springfield has been the decline in manufacturing jobs. Between 1999 and 2014, Springfield saw the median income decrease by 27 percent, compared to just 8 percent across the country. In the 1990s, Springfield lost 22,000 blue collar jobs, which were the backbone of the city economy. Today, Springfield largely relies on healthcare, manufacturing, transportation, leisure, education, financial institutions, and retail for employment.
economy springfield has a notably weakened economy due to many factors but a key cause for degradation of the economy in springfield has been the decline in manufacturing jobs between 1999 and 2014 springfield saw the median income decrease by 27 percent compared to just 8 percent across the country in the 1990s springfield lost 22000 blue collar jobs which were the backbone of the city economy today springfield largely relies on healthcare manufacturing transportation leisure education financial institutions and retail for employment