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Old 06-15-2010, 09:54 AM
 
Location: Augusta, GA ''The fastest rising city in the southeast''
7,355 posts, read 12,987,343 times
Reputation: 836

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MetroMonitor: Augusta moves up the ranking of resilient metro economies | The Augusta Chronicle
A Washington, D.C., think tank thinks Augusta has the seventh best metro economy when it comes to economic resilience. Augusta has been in the top 25 of the Brookings Institution's MetroMonitor for a year now.

The latest measure, released this morning, compares the first quarter of 2010 to pre-recessionary levels of employment, unemployment, home prices and gross metropolitan product. Brookings created MetroMonitor to track the largest 100 metro economies through the recession and the recovery. Augusta was 18th in the prior edition, which tracked the fourth quarter of 2009.

1. Austin
2. San Antonio
3. Baton Rouge
4. Oklahoma City
5. El Paso
6. Little Rock
7. Augusta
8. Omaha
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Old 06-16-2010, 02:40 PM
 
Location: Augusta, GA ''The fastest rising city in the southeast''
7,355 posts, read 12,987,343 times
Reputation: 836
11 Cities That Are Beating The Recession (PHOTOS)
1. Austin
2. San Antonio
3. Baton Rouge
4. Oklahoma City
5. El Paso
6. Little Rock
7. Augusta
8. Omaha
9. Jackson
10. Dallas
11. McAllen, Tx
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Old 06-16-2010, 03:26 PM
 
543 posts, read 1,167,545 times
Reputation: 41
Why is Texas doing so well?
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Old 06-16-2010, 04:34 PM
 
1,138 posts, read 2,372,803 times
Reputation: 114
Quote:
Originally Posted by Hot_Mike View Post
Why is Texas doing so well?
3 words... George Walker Bush



But no, I have no idea...
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Old 06-17-2010, 01:45 AM
 
Location: metro ATL
8,190 posts, read 13,081,090 times
Reputation: 2698
Quote:
Originally Posted by Hot_Mike View Post
Why is Texas doing so well?
Oil/energy, low taxes, high tech--that mostly goes for DFW, Houston, Austin

Proximity to the Mexican border--that goes for McAllen and El Paso
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Old 06-17-2010, 05:18 AM
 
139 posts, read 213,554 times
Reputation: 47
There is another reason why Texas fared so well; They had a housing bubble/crash in the 1980's. It was pretty devastating. They introduced legislation after that, that tried to prevent that from ever happening again. I don't remember all the details, but it included legislation that prevented you from refinancing your house for more than the original mortgage. This and other measures meant that speculators stayed away from Texas; houses remained what they should have been everywhere else; a place to live not a method to generate revenue.
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Old 06-17-2010, 01:07 PM
 
Location: Augusta, GA ''The fastest rising city in the southeast''
7,355 posts, read 12,987,343 times
Reputation: 836
Bolstered by federal government employment, the Augusta metro area gained 2,100 jobs from April to May. The area gained jobs in small increments in education, business services, manufacturing, information, retail trade and construction. There were slight declines in the number of people working in state government and hospitality.

The labor department data showed a 13 percent increase in federal employment, from 9,000 workers to 10,200 in the one-month span. The metro area now has 45,600 government workers.

The Augusta metro area employment is 2,300 jobs higher than May 2009, the best of any metro area in Georgia. Rome, Hinesville, Athens, Columbus and Savannah all had employment levels higher than a year ago.
State labor report: Augusta added jobs in May | The Augusta Chronicle
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Old 06-17-2010, 03:05 PM
 
983 posts, read 1,312,733 times
Reputation: 220
I'm a lifelong Augustan and am happy our area is bucking the current jobs trend nationally...

But I don't like the fact that most of the jobs being made are in the area of the federal government... I know other areas are improving too, but kinda surprised me with the federal totals.
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