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Old 01-15-2011, 11:31 AM
 
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If you look at statistics, the sunbelt region suffers from unemployment. Why is that?
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Old 01-15-2011, 11:42 AM
 
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The sunbelt was hit hard, as these areas have been the fastest growing over the past thirty years. During the rapid development phase this past decade, along with the creation of sub-prime loans, this combination led to a collapse of the real-estate market that affected the sunbelt worse than other regions. You see, easy money resulted in inflation and rapid increases in home prices. Some increased 400% over ten years, putting mortgages out of the reach for many families, to ensure that they can pay them off in a reasonable time, but these people were not denied the mortgages, so the eventually defaulted, leading to the economic crisis.

The other reason.

A greater non-white population, which typically is more prone to live off the government dole, relatively speaking.

*This isn't to say that even a significant minority of any group lives off welfare, only that the culture of some minority groups are less likely to discourage taking public assistance. Some live on it year to year, passing that mindset down generations.
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Old 01-15-2011, 11:53 AM
 
Location: Austin, TX/Chicago, IL/Houston, TX/Washington, DC
10,171 posts, read 12,805,335 times
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A few reasons:
- People are just packing and moving here WITHOUT a job lined up waiting for them on the other side
- Housing crash really hit places in the states of CA, AZ, FL, NV, GA, & LA
- The Global Economic Recession severly set the country back on job creation
- Sectors like banking (Charlotte) and other key sectors driving niche cities severely hurt a lot of areas
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Old 01-15-2011, 12:22 PM
 
Location: metro ATL
8,190 posts, read 12,333,660 times
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Quote:
Originally Posted by Stars&StripesForever View Post
The other reason.

A greater non-white population, which typically is more prone to live off the government dole, relatively speaking.
Has nothing to do with current statistics. Plus this sector of the population isn't typically included in unemployment figures anyway.

Quote:
Originally Posted by DANNYY View Post
A few reasons:
- People are just packing and moving here WITHOUT a job lined up waiting for them on the other side
- Housing crash really hit places in the states of CA, AZ, FL, NV, GA, & LA
- The Global Economic Recession severly set the country back on job creation
- Sectors like banking (Charlotte) and other key sectors driving niche cities severely hurt a lot of areas
There ya go (although I wouldn't include Louisiana).
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Old 01-15-2011, 12:24 PM
 
Location: Tower of Heaven
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Hopefully jobs are mainly created in the Sunbelt now, thanks Texas (200,000 jobs or 21% of jobs created in the USA in 2010, impressive)
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Old 01-15-2011, 01:07 PM
 
Location: Southeastern Tennessee
711 posts, read 978,399 times
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Quote:
Originally Posted by DANNYY View Post
A few reasons:
- People are just packing and moving here WITHOUT a job lined up waiting for them on the other side
- Housing crash really hit places in the states of CA, AZ, FL, NV, GA, & LA
- The Global Economic Recession severly set the country back on job creation
- Sectors like banking (Charlotte) and other key sectors driving niche cities severely hurt a lot of areas
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Old 01-15-2011, 01:19 PM
 
Location: Milwaukee
915 posts, read 1,662,642 times
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Much of the sunbelt's economy was driven by sprawl development and population growth. Most of the jobs created where construction, service and government jobs. Many of these jobs are low paying and transient in nature. Once the housing and credit bubbles popped so did the sunbelt economy. No more cheap credit equals lesser demand for new homes and a decrease in retail and service demands. A small percent of sunbelt jobs were created by relocation of manufacturing and other established well paying industries. It is no surprise that the sunbelt has a high unemployment rate. It was built on a house of cards to begin with.
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Old 01-15-2011, 01:23 PM
 
Location: Up on the moon laughing down on you
18,509 posts, read 28,177,183 times
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They took our Jerbs!!!!!!!!!!!!!!

lol, people keep coming here without jobs adding to the list while lowering it where ever they came from
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Old 01-15-2011, 01:37 PM
 
Location: The Greatest city on Earth: City of Atlanta Proper
7,909 posts, read 12,172,167 times
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Quote:
Originally Posted by HtownLove View Post
They took our Jerbs!!!!!!!!!!!!!!
Pinoy ka ba?
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Old 01-15-2011, 01:38 PM
 
Location: Milwaukee
915 posts, read 1,662,642 times
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Quote:
Originally Posted by HtownLove View Post
They took our Jerbs!!!!!!!!!!!!!!

lol, people keep coming here without jobs adding to the list while lowering it where ever they came from
Actually people are moving at the lowest rate ever recorded by the census bureau. The bureau has been recording our mobility rate since 1948 and 2009 comes in dead last when it comes to mobility. This is no surprise seeing how the job market sucks almost everywhere, with a few exceptions like North Dakota. I'm sure the real estate market, with the inability to sell homes, has an effect also.
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