Tuesday, August 18, 2009

Any Guess Where the Best City in the Country is to Look for a Job?

It's Obamaland, also known as, Washington D.C., where government expands and expands, and lobbyists fill the halls of Federal buildings, while the rest of the economy contracts. There are 6 job postings per unemployed person in D.C..There is not another city close to the job availability there. On the other end, it is worse than the complete opposite. In Obama's bailout city of Detroit, there are 18 unemployed persons for every job posting. Guess what? It looks like the bailout jobs are in D.C. and not the bailout cities. Take a look:





(Click on charts for larger pictures)


htMarkPerry
at 7:12:00 PM

1 comment:

  1. Taylor ConantAugust 19, 2009 at 10:44 AM

    Wenzel,

    I was thinking about this this morning... any idea why NYC is not suffering higher rates of unemployment? I know these figures are for NY state not NYC but I should think that the statistics wouldn't diverge too much from one another as NYC is one of the biggest drivers of employment and "wealth creation" in the state.

    So, if the bubble occurred in finance, and it's the finance sector that has the most misallocation, why isn't NYC/NY one of the epicenters of the employment/real estate meltdown (yes, NYC real estate is off, but not as much as Las Vegas, CA, FL, etc.)

    Any thoughts? Does it have something to do with leverage? This troubles me.

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