Quote:
Originally Posted by Obadno
Employment recovery for most of the country including the IE and Phoenix hit pre recession levels years before our current boom
the 5 year growth numbers are not reflective of recovery but of new growth for the most part.
DC is stable because it is tied to a generally reality proof industry AKA the USA federal government.
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Well, this is more complicated. Each metro area has a slighty different story with regard to unemployment and job growth over time. Looking at time trends with multiple variables is alway complex and single explanations rarely apply. E.g. in the Atlanta metro the unemployment rate has gone down steadily from 10.5% in 2009 to 2.9% at present. Its high overall job growth is probably partly accounted for by this factor. But other factors such as strong general and even-based population growth from migration foreign and domestic, as well as business relocations to the area have contributed to the picture.
As a sun-belt city it shares many of the characteristics of the current growth patterns in Texas. There are many indications that these particular patterns are still quite active and may be so for some time to come. Nonetheless. historically we have seen patterns of city growth that reflect several key demographic factors in the US and other industrial countries. That history almost always shows that at some point in time the extraordinary growth pattern slows and/or stops and the cities affected reach a stage of population stability. The "raw" and the "cooked" if you will.