Tuesday, October 27, 2009
Where Jobs Are: The U-Haul Indicator
This article describes the less formal statistics that the author finds helpful to determine where unemployment and job opportunities exist and do not exist. Instead of looking in the usual places, like the Bureau of Labor Statistics or any other federal agency, but from U-Haul rates and prices. Places where jobs are low cost a lot to leave from, but not much at all to travel to. This article overall provides a different take on how to see the economy's effect on multiple facets of life.
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I think Burn's argument is very interesting in itself. I thought it was not only appropriate for him to write a article about the cost of living in certain cities given the recession that is going on, but I also thought it was very interesting that he chose to base his research on the U-Haul company instead of government departments such as the Bureau of Labor Statistics. It truly is remarkable to learn about both the cost of living in certain cities, but more importantly how expensive it is to move from one city to another in the US based on the cities unemployment rate.
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