Saginaw's economic conditions, compounded by the 2007–2012 global financial crisis, are a significant area of concern for the city's residents. The decline of manufacturing jobs has resulted in higher than average rates of unemployment. Property values in the city have declined, decreasing the amount the city government collects in property taxes. Unemployment in Saginaw peaked in July 2009, according to the Bureau of Labor Statistics, standing at 23.5%. The unemployment rate dropped to 9.0% as of April 2015; crime has decreased as unemployment has decreased.