Salt Lake is #6 on the list of the ten most "recession-proof" US cities.
6. Salt Lake City, Utah
Median home price: +2.5%
Unemployment: 3.1% (from 2.6%)
Key growth: Education and health services, +5.5%
Though Salt Lake City's unemployment rate is rising, it's still among the lowest of the country's 50 largest cities (Washington, D.C., is second, but declining home prices kept it off our list). The state is still creating jobs, just not as quickly as its labor force is growing. A November 2007 report from the U.S. Conference of Mayors projected that Salt Lake City would be one of the few large cities in the country not to suffer a decline in gross metropolitan product from the mortgage crisis.
1 comment:
shane, utah has the third highest drop in home values in america @34%. there are more numbers that are important than are listed in this article. just fyi
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