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Every state has a growth period, a peak, and then a slowdown. Look at what is happening to Florida now. Things are always changing.
Yes things are always changing, but Wow; Houston is the undisputed top labor market in the country. I hear that the economy might have hit bottom that means another great Houston Year.
The odd thing is there is no correlation at all btw "booming" sunbelt cities and rustbelt cities. I wouldn't have thought Syracuse and Youngstown would see gains while Atlanta and LA would see major losses
I'm actually shocked about the Youngstown Metro myself.....since i live here. I would like to see the stats from the year before when i know we lost at least 5,000 jobs. Just about every night the news reports on more layoffs and plant closures. Right before X-mas GM Lordstown laid off 2,000 people, then their local suppliers laid off people.
I didn't realize Atlanta's job market had declined so dramatically. Maybe it grew too fast? Everyone I know there seems to be doing ok, but friend's in New York area having been losing jobs left and right.
This table isn't very useful, because it is not showing job losses and gains as a total percentage of population. A loss of 2,500 jobs in a million-person market like Birmingham is news but not catastrophic. Ogden Utah losing a similar amount looks like a catastrophic drop.
This table isn't very useful, because it is not showing job losses and gains as a total percentage of population. A loss of 2,500 jobs in a million-person market like Birmingham is news but not catastrophic. Ogden Utah losing a similar amount looks like a catastrophic drop.
Yes things are always changing, but Wow; Houston is the undisputed top labor market in the country. I hear that the economy might have hit bottom that means another great Houston Year.
Yes, but.
Houston is a very energy driven market. So when oil prices are high, so is employment there. When oil prices drop, the market suffers. All you have to do is go back to the mid 80s to realize how wide the swing can be in that city. And how bad it can get.
Well crude oil dipped to around 35 bucks recently, at that price oil companies begin to worry a little bit. But things in Houston are not very bad (finger-crossed)..yet. My brother recently lost his job due to outsourcing to India, he's already had a couple of interviews and says he has a couple of options for jobs. I think when we get out of these rough times the oil prices will kick back up as China and India resume their booming ways. So I think Houston is in pretty "ok" shape to deal with these horrible times. God willing.
Houston is a very energy driven market. So when oil prices are high, so is employment there. When oil prices drop, the market suffers. All you have to do is go back to the mid 80s to realize how wide the swing can be in that city. And how bad it can get.
Houston has learned from that mistake and is continuing to diversify its economy.
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