Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
It seems that this recession has reshuffled the power and economic landscape of the US, so that some of the mighty cities have fallen, and some of the weaker cities will come out ahead. Which cities are poised to come out on top after the recession, and which cities have fallen from their former statures?
DC, Boston, Houston and Seattle have evidently weathered the storm best, with DC and Boston the most consistent. NYC, Chicago and Atlanta have suffered the most in terms of lost jobs I think though clearly not "falling from former stature" as they're still major players. I would say cities like Raleigh and Charlotte have it worst right now as evidenced by struggles with the job market and oppressive recently elected state government that's not attractive to new business.
Some cities that were down got kicked, like Detroit. But cities like Las Vegas and Phoenix that got hit extremely hard but were not hit in the sense that they've stopped growing, so they weren't hit "the worst". In fact, they're continuing to expand. Stockton is smaller but really suffered from housing.
Of the major cities I think Miami got hit "the worst."
I would say cities like Raleigh and Charlotte have it worst right now as evidenced by struggles with the job market and oppressive recently elected state government that's not attractive to new business.
Raleigh and Charlotte are two cities who actually, probably have it best right now.
Raleigh and Charlotte are two cities who actually, probably have it best right now.
They're both mid-pack in terms of unemployment rates and heavily hit by downsizing in the tech and financial sectors. Like many areas in the Sunbelt the service sector is driving down the unemployment rate, not the white collar jobs that both cities are known for....and as a result wouldn't put either in the conversation for "best" right now.
Cities with the fewest foreclosed suburban mcmansions, and the most renting space and truly urban space available.
Cities that will come out very well
NYC, Chicago (the city itself), Boston, San Francisco, LA, DC
Not so well
Phoenix, Atlanta, Houston, Dallas, Vegas
Many in your first list are recording high outbound migration and many in the second list are recording record high inbound migration. Funny if what you said were true.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
