From the course: Economics for Everyone: Job Markets and the Economy
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City (MSA) unemployment rates
From the course: Economics for Everyone: Job Markets and the Economy
City (MSA) unemployment rates
- A good fishermen knows where to fish, it's where the fish are. And so it is when you're looking for jobs. There can be very big differences in terms of regional job opportunities because in some regions you might find there are companies willing to invest and interested in hiring at any time, even during a recession. So what are the big differences between the different regions? Maybe there are important recession proof industries in a job market. I'm thinking of tech, healthcare, and government. Government, for example, is one of the reasons why DC was so strong after the great recession of 2007 to 2009, while other areas were much weaker. But there could also be industries that are very exposed to business cycles. I'm thinking of industries that are really dependent on disposable income, the money that people spend when they don't care what's going on with the economy and they feel pretty good about things.…
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