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Quite a drop for Baltimore MSA...was 3.3% last month.
Otherwise, yeah, Vegas looks bad and the large metros of Texas are not necessarily all that great for all the talk about "people moving there b/c of jobs and tax etc. etc.".
I know Alabama has a low labor participation rate, but... 1.9's a pretty low unemployment rate across the board (only SD beats it). Of the twelve metros in the state, the highest is Mobile at 2.4... which would be 4th if it were a 2010 1 mil+ metro. Bham's in a three way tie for third lowest in the state.
I know Alabama has a low labor participation rate, but... 1.9's a pretty low unemployment rate across the board (only SD beats it). Of the twelve metros in the state, the highest is Mobile at 2.4... which would be 4th if it were a 2010 1 mil+ metro. Bham's in a three way tie for third lowest in the state.
It’s worth noting that adding Baldwin County, which is home to most of Mobile’s wealthier suburbs, it goes down to 2.1% unemployment
[T]he large metros of Texas are not necessarily all that great for all the talk about "people moving there b/c of jobs and tax etc. etc.".
True, but couldn't that be the problem? The influx of migrants, both foreign and domestic, moving there competing for jobs? No disrespect to Birmingham, but couldn't it's #1 position be because of its perceived lack of desirability? Unemployment being low because of people looking for jobs elsewhere?
There are multiple facets to this. Pure Unemployment means less to me than job creation #'s and job loss #s.
Looking at year over year job net increase Birmingham was an anemic 0.7% (meaning nothing much happened). Only Milwaukee and Riverside was lower.
On the otherhand the large Texas cities all had a 4% or higher increase. Only Tampa, Orlando, Jacksonville and Nashville joined the Texas cities in 4% or higher job growth.
Considering how much larger the Texas cities are, having such a higher percentage increase is far more impressive than Birmingham's low unemployment #s.
Keep in mind unemployment #s showcase the percentage of people seeking benefits. It doesn't show how well a metro is doing in creating jobs.
Yes ,Texas cities are not the lowest in unemployment, but they are among the highest for job creation. You statement about people moving there could be why the numbers are not competing with Birmingham
True, but couldn't that be the problem? The influx of migrants, both foreign and domestic, moving there competing for jobs? No disrespect to Birmingham, but couldn't it's #1 position be because of its perceived lack of desirability? Unemployment being low because of people looking for jobs elsewhere?
There are multiple facets to this. Pure Unemployment means less to me than job creation #'s and job loss #s.
Looking at year over year job net increase Birmingham was an anemic 0.7% (meaning nothing much happened). Only Milwaukee and Riverside was lower.
On the otherhand the large Texas cities all had a 4% or higher increase. Only Tampa, Orlando, Jacksonville and Nashville joined the Texas cities in 4% or higher job growth.
Considering how much larger the Texas cities are, having such a higher percentage increase is far more impressive than Birmingham's low unemployment #s.
Keep in mind unemployment #s showcase the percentage of people seeking benefits. It doesn't show how well a metro is doing in creating jobs.
Yes ,Texas cities are not the lowest in unemployment, but they are among the highest for job creation. You statement about people moving there could be why the numbers are not competing with Birmingham
Considering there was a QoL affecting disaster from the end of November to the end of March, it's kinda crazy that the numbers grew at all in Birmingham.
True, but couldn't that be the problem? The influx of migrants, both foreign and domestic, moving there competing for jobs? No disrespect to Birmingham, but couldn't it's #1 position be because of its perceived lack of desirability? Unemployment being low because of people looking for jobs elsewhere?
There are multiple facets to this. Pure Unemployment means less to me than job creation #'s and job loss #s.
Looking at year over year job net increase Birmingham was an anemic 0.7% (meaning nothing much happened). Only Milwaukee and Riverside was lower.
On the otherhand the large Texas cities all had a 4% or higher increase. Only Tampa, Orlando, Jacksonville and Nashville joined the Texas cities in 4% or higher job growth.
Considering how much larger the Texas cities are, having such a higher percentage increase is far more impressive than Birmingham's low unemployment #s.
Keep in mind unemployment #s showcase the percentage of people seeking benefits. It doesn't show how well a metro is doing in creating jobs.
Yes ,Texas cities are not the lowest in unemployment, but they are among the highest for job creation. You statement about people moving there could be why the numbers are not competing with Birmingham
I agree. Job creation is a better indicator of a metro's economic health. Also, I need to see diversity in the jobs created. If it is mostly low wage service jobs, it may not support the rising cost of living.
Lowest jobless rate hides the ugly truth that many are working 2 gig jobs and can barely make it. There is work....then, there is such a thing as too much work.
Nothing to brag about. Just garbage for politicians to get re-elected on.
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