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Old 10-15-2010, 02:16 PM
 
Location: Business ethics is an oxymoron.
2,347 posts, read 3,301,647 times
Reputation: 5382

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Quote:
Originally Posted by DjRey View Post
L.A. has a 44% higher cost of living than the U.S average?? Thats freakin insane...

Agreed. What with the prestige of living in LA and the nice weather and easy access to tasty fish tacos, that should command a better premium. I think that 244% above the National Average is a fair price to pay.

A mere 44% is a crisis indeed.
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Old 10-16-2010, 02:53 AM
 
1,359 posts, read 4,833,613 times
Reputation: 776
Sacramento probably has a wider variety of jobs available than Fresno, yes. People's idea of job growth here is a new Kohl's opening up. Not saying it isn't bad in Sacramento, just that there is more opportunity for professional/college educated people. I work in accounting and a lot of firms have a Sacramento office.
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Old 10-16-2010, 09:39 AM
 
Location: Bella Vista, Ark
77,773 posts, read 103,904,355 times
Reputation: 49242
Quote:
Originally Posted by e_cuyler View Post
Sacramento probably has a wider variety of jobs available than Fresno, yes. People's idea of job growth here is a new Kohl's opening up. Not saying it isn't bad in Sacramento, just that there is more opportunity for professional/college educated people. I work in accounting and a lot of firms have a Sacramento office.
These studies and stats usually mean very little. You have it down pretty well. There are so many variables. Even unemployment figures do not tell an entire story. They do not take in to account, those who are maybe, undemployed as an expample.

Nita
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Old 10-16-2010, 01:35 PM
 
1,687 posts, read 6,041,889 times
Reputation: 830
The Milken Institute just released its annual "Best Performing Cities" rankings for metro areas. They consider this a look at both where jobs are being created and where they are being retained.
http://www.milkeninstitute.org/pdf/b...cities2010.pdf

Milken's rankings compares metro areas using job growth/loss numbers over 5 years (this time 2004-2009) and 1 year (2008 to 2009); wage increase/decrease for 1 year (2007-2008) and 5 year (2003-2008); etc. They create an index from that information and rank order based on that index.

Like any, not a perfect ranking but the mix of time periods and inclusion of wage information shows a little more economic info then just recent unemployment.

Top MSAs with over 250,000 residents in the metro area (2009 ranking in parentheses) - 1. Killeen-Temple-Fort Hood, TX MSA (2); 2. Austin-Round Rock, TX MSA (1); 3. Huntsville, AL MSA (8); 4. McAllen-Edinburg-Mission, TX MSA (4); 5. Kennewick-Richland-Pasco, WA MSA (in small areas in 2009); 6. Washington-Arlington-Alexandria, DC-VA-MD-WV MSA (25); 7. Raleigh-Cary, NC MSA (10); 8. Anchorage, AK MSA (40); 9. El Paso, TX MSA (14); 10. Houston-Sugar Land-Baytown, TX MSA (5)

Rankings of larger California MSAs out of 200 MSAs (number in parentheses is last year's rank):

27. Bakersfield MSA (#36 in last year's ranking)
70. Visalia-Porterville MSA (124)
76. San Diego-Carlsbad-San Marcos MSA (83)
103. San Francisco-San Mateo (85)
114. San Luis Obispo MSA (130)
115. Vallejo-Fairfield MSA (173)
124. Fresno MSA (115)
128. Salinas-Monterey MSA (134)
132. San Jose-Santa Clara MSA (50)
138. Santa Barbara-Santa Maria MSA (43)
142. Sacramento-Arden Arcade-Roseville MSA (117)
146. Riverside-San Bernardino-Ontario MSA (103)
158. Los Angeles-Long Beach MSA (139)
168. Merced MSA (184)
172. Santa Ana-Anaheim-Irvine MSA (122)
178. Oakland-Fremont-Hayward MSA (145)
180. Oxnard-Thousand Oaks-Ventura MSA (158)
185. Santa Cruz-Watsonville MSA (160)
186. Stockton MSA (166)
188. Santa Rosa-Petaluma MSA (165)
193. Modesto MSA (159)

Data for individual MSAs as well as rankings of smaller areas like Chico and Redding in a list of under 250,000 population MSAs are at the link.
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Old 10-16-2010, 03:27 PM
 
434 posts, read 843,711 times
Reputation: 516
Ha! Five of the top ten and nine of the top 20 are in Texas. Some mud in the eye for those Texas haters on this forum.

Less government means more prosperity.
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Old 10-16-2010, 03:49 PM
 
1,687 posts, read 6,041,889 times
Reputation: 830
Quote:
Originally Posted by native56 View Post
Less government means more prosperity.
Yes and no. Many of the top areas benefit from government spending.

The report points out both Killeen and El Paso (along with Huntsville) benefited from expansions at the local military bases/military spending the last few years. San Antonio, Bethesda and Fayetteville also were in the top 20 due to military spending.

Kennewick benefited from DOE spending at Hanford.

Anchorage was driven by government spending, Alaska received the 2nd highest per capita stimulus funding of any state.

Of course, Washington DC speaks for itself.
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Old 10-16-2010, 06:11 PM
 
434 posts, read 843,711 times
Reputation: 516
Yes and yes. The bigger the government the smaller the man.

Just because money is stolen from people and send to areas that benefit from the pilfered loot does not mean that big government creates jobs. Heck if that were true all we'd have to do is raise taxes to 90% and have big government everywhere. Instant prosperity - not.

Perhaps I shouldn't even suggest such nonsense even in jest. There are enough screwballs on this forum who would take me up on such a ridiculous scheme.
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Old 10-16-2010, 07:03 PM
 
1,687 posts, read 6,041,889 times
Reputation: 830
Quote:
Originally Posted by native56 View Post
Yes and yes. The bigger the government the smaller the man.

Just because money is stolen from people and send to areas that benefit from the pilfered loot does not mean that big government creates jobs. Heck if that were true all we'd have to do is raise taxes to 90% and have big government everywhere. Instant prosperity - not.

Perhaps I shouldn't even suggest such nonsense even in jest. There are enough screwballs on this forum who would take me up on such a ridiculous scheme.
I'm not saying big government is OK, even the word "incumbent" in my house this year is going to be a synonym for "find a real job".

But many of those areas in Texas and elsewhere on top of the Milken rankings are not really a good example of your point. Too many at the top right now are there because they have benefited from federal government spending propping up or improving those economies.

An argument might be made that so much of California is at the bottom of the Milken list partially due to government policies and taxation in this state (along with housing busts, etc).

But that is different than saying the top is there due to less government in those areas causing prosperity. Take away the government spending in much of that top 20 and they would likely move way down the list.
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Old 10-17-2010, 08:32 PM
 
Location: Business ethics is an oxymoron.
2,347 posts, read 3,301,647 times
Reputation: 5382
Wow. Looks like my region has rebounded significantly. I live in Tulare, which I guess is under the Visalia-Porterville umbrella.

BTW: I love it that so many folks bash Tulare as much as they do. I guess they've only seen it while passing through on the 99. It's not the best impression for sure, but more than 90% of the city is concealed from freeway view. So that said, iIt will help discourage a large influx of new folks coming in, which in turn will keep both sprawl and traffic in check, which is just fine with me. I just wish that someone would open up a rustic style steak and barbecue house.

Yes, Tulare has it's grungy parts. Mainly on the west side of town, but also a little near Bardsley/99. Heck. what city doesn't? For a town as small as it is, I like the variety of everything from Old School Victorians with the gargantuan oak trees lining the streets to the classy 60's and 70's era ranch houses to the modern 21st Century MasterPlanned developments.

I like Tulare. But those of you who don't? Yes...do both of us a favor and stay out.
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Old 10-18-2010, 01:58 AM
 
Location: Sacramento, Placerville
2,511 posts, read 6,252,506 times
Reputation: 2259
Quote:
Originally Posted by austinite83 View Post
Sacramento has more jobs than Fresno? "Detroit of the West?" Sac would not be too far behind. Sacramento even has more people in the surrounding area, and a higher COL. People their job markets are about the same. Those two cities are very similar.
The only thing Sacramento and Fresno have in common economically is both cities had a big construction boom, which wasn't limited for Sacramento or Fresno. Beyond that, the two cities have little in common.
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