Texas could be the best place to ride out a recession
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Texas could be the best place to ride out a recession

Texas currently boasts two of the nation’s cities with the lowest unemployment rates. With the national unemployment rate being around 9.5%, Houston has a rate of only 6.3%. Recognized for it’s impressive business environment, Houston may be able to provide more than just a job that people can “get by” with, but an actual career they can build upon. Houston is home to 20 of the best large companies as well as 19 of the best small companies in the nation.

Dallas is number two on the list of cities with the lowest unemployment. Some of the country’s top companies are headquartered in Dallas, including Exxon Mobil, Southwest Airlines, and Texas Instruments.

Both cities also have a relatively low cost of living.

Other cities that are a good place to live when you’re trying to build a career are Minneapolis. The city has 3M, General Mills, and PepsiAmericas which all employ thousands of people. Even though the employment rate is 8.7%, it’s still below the national average and those who are employed have a median income of $65,091, which is above the national average of $50,233.

Boston also makes the list, but the cost of living there is higher than the average. The unemployment rate is only 7.2% there as well.

Pittsburgh was number four on the list. The city’s biggest industries (health care, technology, and education) are all recession resistant. The city also has a lower than average cost of living and a $10.8 billion stake in the technology sector.

These are just a few options when it comes time to seek out a new job and you’re willing to relocate anywhere in the country. I find it ironic that, other than Texas, these cities all lie in the eastern United States. I do suppose it makes sense though, because of all the problems with housing and unemployment rates that have been skyrocketing in the western part of the country.

Jeremy
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