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We are in the worst economic times in US history.Allot of cities thrived before the Recession, huge job growth and construction.Once the Recession hit,the effects of it varied with cities.What cities do you think are doing well?
I agree... this is no where near the worst economic times in our country's history. With that said... I know New York City, Chicago, Philadelphia, San Francisco and Houston are all doing really well... I'm sure others are as well.
I agree... this is no where near the worst economic times in our country's history. With that said... I know New York City, Chicago, Philadelphia, San Francisco and Houston are all doing really well... I'm sure others are as well.
Those cities Economies are NOT doing well.
Heck NYC unemployment is now near 10%
Chicago is above 9%
Philly: 8.8% unemployment rate which is the better of the 4. however thats still above the national average.
SF has a 9% unemployment rate and going up due to how Anti-Business Californiastan is. *California is DEAD last in Business Climate 49 other states easily are better to do business in*
now Indianapolis for example has an unemployment rate under 8% *National Average is 8.2% and should be higher* Indianapolis, IN Jobs on CareerBuilder.com To me that qualifies as a strong economy in these times. You have to consider both the Unemployment Rate *Competition to get a job* and Job openings. For a Metro of 2M people Careerbuilder.com by no means is going to post every job opening but i use it as a rule of thumb on how good a city is doing. Several Universities though have said Indianapolis should be back to Pre-Recession Employment before the end of this year. Well other areas like Illinois/California/New York may wait until past 2015 or never reach the full Pre-Recession Employment level.
Also Houston is doing well due to the fact Texas is #1 to do business in and people are setting up shop there more than any other state
Last edited by Broadrippleguy; 05-16-2012 at 07:27 PM..
Reason: updated Philly Unemployment Rate and SF unemployment rate.
The whole country is pretty much in a depression, but there are a couple of metros that are doing fairly well. I would say the Texas metros are doing fine. The DC area will always be recession proof.
The whole country is pretty much in a depression, but there are a couple of metros that are doing fairly well. I would say the Texas metros are doing fine. The DC area will always be recession proof.
He/she said "The DC area will always be recession proof", which is a COMPLIMENT and a GOOD THING.
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