-
Your Host
Brought to you by Ron Ares, an Oregon broker licensed with MRealty.
Contact: (503) 460-7992
Follow Along
Subscribe in a reader
Nice City, No Jobs.
Balancing last week’s gushing by the NY Times, here’s a Wall Street Journal expose, “Youth Magnet Cities Hit Midlife Crisis‘, highlighting the lack of employment in Portland for its new, young residents.
Portland has attracted college-educated, single people between the ages of 25 and 39 at a higher rate than most other cities in the country. Between 1995 and 2000, the city added 268 people in that demographic group for every 1,000 of the same group living there in 1995, according to the Census Bureau. Only four other metropolitan areas had a higher ratio.
Small problem. No jobs.
Some new arrivals are burning through their savings as they hunt for jobs that no longer exist. Some are returning home. Others are settling for low-paying jobs they are overqualified for.
Comments
Leave a Reply
