- Los Angeles: In the last decade, the rate of employment in Los Angeles has dropped by 7.1 percent. Unemployment is at 11.4 percent. Productive citizens are leaving LA in droves. It’s lost 11.7 percent of population in the last decade. It’s also a highly regulated city, making it an unattractive place for business. This means there isn’t a lot of hope for new jobs on the horizon… unless you want to work for the government. For now, that sector is still growing.
- Detroit: The situation in Detroit is like a preview of what’s to come if we as a nation stay on our current economic path. At the middle of the last century, the average median family income in Detroit was the second highest in the nation. How sad is it that this once-great city has declined to the state it’s in today. In the last decade, Detroit has had an employment decline of 19.6 percent, and it’s lost 9.0 percent of its population. Crime is a problem, and infrastructure is crumbling. But, the city government continues to cling to regulation, taxation, and wealth redistribution as the misguided answer to these problems.
- Chicago: Chicago’s unemployment rate is below the national average, but the trends for the city don’t look good. Its employment rate has dropped 6.9 percent, and it’s lost 6.5 percent of its population over the last decade. It’s also one of the highest crime cities in the country.
- San Francisco: San Francisco may be a beautiful city, but economically it’s crumbling. It’s experienced a 12.8 percent drop in its employment rate, bringing its unemployment levels to 10 percent. And, people are leaving that city as well. In the last decade, San Francisco has seen 9.2 percent more people fleeing the city than coming to live there.
- Miami: Miami is another problem city. Unemployment sits at 10.9 percent, well above the national average, and more people are leaving than are moving in. Its negative migration rate is 5.8 percent. Plus, crime is a problem in certain areas as well.
- Des Moines, Iowa: In this business-friendly city, regulations are kept to a minimum. The result is a lot of businesses are moving to the area. Job growth is steady, income growth is steady, and cost of living is lower than average.
- Provo, Utah: This is another city that’s got high projected job growth, high projected income growth, and low unemployment. It also has a low cost of living and a local government that’s less invasive than most.
- Raleigh, North Carolina: The unemployment in Raleigh is a bit high, but the growth rate is good when compared with much of the nation.
- Fort Collins, Colorado: With a population under 300,000 and an annual productivity level of $11 billion, Fort Collins has a stable economy. It also boasts a reasonable cost of living and decent projections when it comes to job and income growth.
- Lincoln, Nebraska: Lincoln is on par with Fort Collins when it comes to productivity and stability. It also has a healthier economic outlook than the national average.
Lee Bellinger, Publisher Independent Living and Money, Metals, and Mining
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