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The notion that the "rust belt" is the leader in unemployment is becoming very passe, as California and the sunbelt continue to approach great depression- like levels.
Location: Austin, TX/Chicago, IL/Houston, TX/Washington, DC
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Lol normally I post the threads for it, but thanks for that.
Los Angeles went up above 12% again compared to the month prior to it. Wow, what a roller coaster experience for people there. Its scary seeing Los Angeles have a higher unemployment rate than even Detroit.
Location: Austin, TX/Chicago, IL/Houston, TX/Washington, DC
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National Average: 9.3%
Looks like the national average went up also by 0.3% from the month prior. But YES! For the first time in nearly a year Chicago is below national average!
It's interesting that the 3 glamour/fun-in-the-sun/vice metros of Los Angeles, Miami, and Las Vegas are the three worst-off major metros in the entire nation.
Looks like the national average went up also by 0.3% from the month prior. But YES! For the first time in nearly a year Chicago is below national average!
Things are turning around a bit in Chicago, I deal with small businesses >50 employees, and they are buying more services lately, more willing to spend, which means their businesses must be doing better.
Quote:
Originally Posted by tmac9wr
It's interesting that the 3 glamour/fun-in-the-sun/vice metros of Los Angeles, Miami, and Las Vegas are the three worst-off major metros in the entire nation.
high tourism + inflated real estate + high illegal population.
The notion that the "rust belt" is the leader in unemployment is becoming very passe, as California and the sunbelt continue to approach great depression- like levels.
Too bad they still can't convince people to live there.
Things are turning around a bit in Chicago, I deal with small businesses >50 employees, and they are buying more services lately, more willing to spend, which means their businesses must be doing better.
high tourism + inflated real estate + high illegal population.
Yup. Just goes to show how far a diversified economy goes.
I suppose Chicago has been the exception up until now, but it's showing great improvement as of late.
Last edited by tmac9wr; 01-06-2011 at 10:45 AM..
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