Quote:
Originally Posted by Greedy,Greedy,Greedy
There is an element of truth in what you said, but just that.
Here is the BLS' list of the 10 states with the lowest unemployment rates (actually 11, because two states are tied for no. 10):
Hawaii
Iowa
New Hampshire
Idaho
Minnesota
Nebraska
North Dakota
Vermont
Virginia
South Dakota
Wisconsin
Are the places you identified on that list?
Here is average income adjusted for average cost of living:
http://time.com/money/5177566/averag...te-real-value/
There are actually quite a few places in the country that have been doing pretty well. |
Those are smaller states, except for Virginia. You probably have smaller states at the bottom of that list too, because they will fluctuate more. California contains both San Diego and Bakersfield. New York contains both Brooklyn and Buffalo. My point is that the economic drivers of the national economy are large metro areas: LA, the Bay Area, Seattle, Chicago, DC, NYC, Boston, and some others. Some other places are doing well, but those are the places driving growth. On a smaller scale, small towns are doing poorly and regional hubs are doing well. A lot of small cities and towns in South Dakota are emptying out, but Sioux Falls is doing well. Ditto Idaho and Boise. If you are somewhere else watching this, it's hard to know what to do about it.
