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To: BWAC who wrote (48531)	6/7/2003 6:11:56 PM
From: Carl Worth	Respond to of 53068

okay, 20 large cities lost 1M jobs, but how many jobs were created in the 20 fastest growing cities? certainly i would guess 2 or less of the 20 fastest growing cities are on the list of the largest we know that some jobs were lost in the past two years, but again, 6% unemployment is around the historical average, 4% was unsustainable, everyone knew that stories like this make good headlines, but they don't give you much of a well rounded picture....i live in a city that probably isn't in the top 500 in the country in size, i would guess it is in the top 100 in growth, and i would hazard a guess that between 5 and 10K jobs were created here in the past two years...these definitely include some jobs that are not family supporters, in terms of the wages they pay, but they also include some very nice jobs...i would guess that the jobs lost in those other cities break down in very similar percentages, in terms of the pay scale i saw a story on CNBC where they showed some city on the eastern seaboard where unemployment was like 40%....the thing is, the city was built around a huge factory, and the factory shut down, so DUH unemployment skyrocketed, is this a good barometer of the nationwide employment picture....clearly it is not, but that 40% number that they cited over and over in their pathetic story sure sounded important 20 large cities lost 1M jobs in the past 2 years, when the economy was stagnant, actually that doesn't even sound that bad, i probably would have guessed more jobs than that, but the key is what happens going forward, will the cities gradually have more jobs available, or will the people move to the 'burbs and get jobs there, or will the people start their own companies as so many have in the last several decades, or will those people remain unemployed? i'm sure there will be some of each the cities accounted for 91.6% of all jobs lost in the country, again let's pick the fastest growing cities and see how many new jobs they accounted for, sounds to me like the same old thing that's been happening for the last 30 or 40 years, people are moving south and west and the old, large cities continue to lose jobs, while the newer, up and coming cities and areas continue to gain them...that's not news, it just makes an eye catching headline for their paper and/or website carl