Tag: City

The best cities in America to build a career while raising a family
Unemployment

The best cities in America to build a career while raising a family

Shutterstock/Page Light Studios Some of the best places to live in the US are well-suited for working parents.
Personal finance company SmartAsset found the top 10 cities to build a career while raising a family.
Naturally, some cities in the United States are better suited for working parents than others.
Personal finance company SmartAsset rated each US city this week and found the 10 best cities where parents can build their careers while raising their families.
Median annual housing costs, according to the American Community Survey.
Violent crime rate, or the number of crimes per 100,000 residents, according to the FBI Uniform Crime Reporting Program High school graduation rate, according to US Department of Education data.
State policy benefitting working parents, according to the National Partnership for Women & Families Annual childcare costs, or the average annual cost of full-time center-based childcare for children up to age 4.
The results showed a clear preference toward small towns and medium-size cities far from the East Coast: Three inland states — Utah, Texas, and Iowa — contained seven of the top 10 cities.
SmartAsset said northeastern cities tended to be weighed down by high childcare and housing costs, and the highest-ranking northeastern city on the list, Newton, Massachusetts, didn’t even crack the top 100.
Read on to see the 10 best cities for working parents.

The best US cities for millennials who have student debt
Unemployment

The best US cities for millennials who have student debt

But according to a new analysis from financial consultancy RewardExpert, these cities might not be the best places for young people with student loans, since living costs are relatively high.
Housing and transportation costs (as compared to the median income for the area) are also lower than 95% of all cities and metro areas in the analysis.
Mankato’s unemployment rate of 2.4% is among the lowest in the nation, and the region’s young residents have considerably low debt loads and high credit scores.
Those under 23 years old have just $8,875 in average total debt with $1,340 on cards ($13,812 and $1,401 nationally).
And while the median rent here is $1,163, renters have a relatively high median income of $48,981.
Combined housing and transportation costs amount to only 58.6% of annual income, which is much lower than the national average of 75.4%.
Commutes in this metro region average just 13 miles, and unemployment stands at a low 2.85%.
About a third of jobs are in industries that typically require a college education.
Plus, median student debt here is $1,072 lower than the national average, and younger residents have lower than average total debt burdens and lower credit card balances than those living elsewhere in the US.
Millennials living here also have 33% less credit card debt than the Midwest’s average.

The 23 cities with the best quality of life in the world
Unemployment

The 23 cities with the best quality of life in the world

Every year Mercer, one of the world’s largest HR consultancy firms, releases its Quality of Living Index, which looks at which cities provide the best quality of life.
The ranking is one of the most comprehensive of its kind and is carried out annually to help multinational companies and other employers to compensate employees fairly when placing them on international assignments, according to Mercer.
London and New York do not make it anywhere near the top of the list.
Looking at 450 cities across the world, Mercer takes into account the following metrics to judge which cities made the list for the best quality of life: Political and social environment (political stability, crime, law enforcement) Economic environment (currency-exchange regulations, banking services) Socio-cultural environment (media availability and censorship, limitations on personal freedom) Medical and health considerations (medical supplies and services, infectious diseases, sewage, waste disposal, air pollution) Schools and education (standards and availability of international schools) Public services and transportation (electricity, water, public transportation, traffic congestion) Recreation (restaurants, theatres, cinemas, sports and leisure) Consumer goods (availability of food/daily consumption items, cars) Housing (rental housing, household appliances, furniture, maintenance services) Natural environment (climate, record of natural disasters) Here are the top 21 cities on the planet, according to Mercer.
Lianna Brinded contributed to an earlier version of this post.
Reuters/Chris Wattie Markus Schreiber/AP PomInOz / Shutterstock Kristoffer Trolle/Flickr

Nebraska’s Secret Gem: A Recession-Proof City
Unemployment

Nebraska’s Secret Gem: A Recession-Proof City

Caption There are certain things you can count on.
For instance, on Saturdays in the fall, the state capital of Nebraska will swell with Cornhusker pride, as tens of thousands of fans fill a college football stadium that has sold out nearly 400 straight games over almost four decades.
And in the spring, Nebraska’s unique, nonpartisan unicameral legislature will meet for a different kind of contest: the grappling over bills, a legislative wrangling the state has undergone in some form for long over a century.
The consistency of its traditions on the gridiron and in politics has also extended to the workforce.
That’s compared to the current 4.1 percent national unemployment rate, which hit as high as 10 percent countrywide in October 2009.
But the Great Plains stronghold has remained remarkably stable for decades.
Even at the height of the 1980s farm crisis, the unemployment rate never rose higher than 6.3 percent, according to the U.S. Bureau of Labor Statistics.
That may seem surprising: After all, Nebraska is nicknamed the Cornhusker State for a reason, and that’s mostly due to its reputation for agrarian output.
However, the University of Nebraska-Lincoln and the industry surrounding the workings of the state legislature have created a buffer that’s kept the 300,000-person city working, even amid downturns.
Nebraska has had historically low unemployment and a high labor force participation rate, but those come with what Vokal calls a few red flags.

Oshawa Mayor John Henry calls city a story of ‘economic success’
Unemployment

Oshawa Mayor John Henry calls city a story of ‘economic success’

Oshawa Mayor John Henry pumped up the business community at his annual state of the city address to the Greater Oshawa Chamber of Commerce.
He highlighted Oshawa’s low unemployment rate, especially in the youth category, where an 8.4-per-cent unemployment rate is a significant drop from 22 per cent in 2012.
Read more: Oshawa is part of four of the top five public infrastructure projects currently underway in Canada: the Hwy.
407 extension, the Darlington nuclear plant refurbishment, the GO extension to Bowmanville and the Port Hope area nuclear remediation.
“These four projects represent $15.78 billion of investment.” The mayor said 2017 was a blockbuster development year for the city with more than $600 million in building permits, a year where the city set 10 building records.
He also said there are plans for a new restaurant in the space formerly occupied by Fazio’s.
The city is working toward promoting downtown Oshawa as a technology hub and has expressed interest in the Canada Post building at Simcoe and Athol Sts., as Canada Post is moving to a new facility on Ritson Rd.
“This building is ideal for repurposing and establishing an innovation hub that would support the growth of tech companies across the region,” Henry said of the existing Canada Post building.
“Our focus for 2018 is to continue our economic transformation, create jobs and address social issues, which can only be done through our collaboration with our partners and with financial support from the provincial and federal governments.” Play Video Play Loaded: 0% Progress: 0% Remaining Time -0:00 This is a modal window.
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What America can learn from cities with super-low unemployment
Unemployment

What America can learn from cities with super-low unemployment

In one sense, Ames, Iowa, has something any other city might envy: An unemployment rate of 1.5%, the lowest in America.
So why don’t people just relocate from those cities to places like Ames?
One big reason unemployment is low in the upper Midwest: It’s hard to get people to move there.
However, not all the jobs in the upper Midwest pay as well as working on an oil rig.
Such jobs don’t require as much education, which helps keep unemployment low because the skills of the local labor force fit the work available — unlike in very high-skilled markets like Washington D.C., which have large populations that lack the education necessary to compete for the specialized jobs that exist there.
And if you’re not from the upper Midwest, it’s probably a higher hurdle to move there, because of the weather.”
In more diverse places, white hiring managers are more likely to discriminate against people of color, which can keep a large chunk of the population on the sidelines.
In the homogenous upper Midwest, “you’re just not going to have a lot of labor market discrimination, because the people doing the hiring are going to look like the people applying,” Berube said.
I think sameness can work to alleviate labor market friction that other parts of the country are going to exhibit.”
Under those circumstances, cities in Minnesota, Iowa, North Dakota and Wisconsin are doing their best to lure the people most willing to give the middle of the country a try: People who already have a connection to it.