What attracts people and employers to some cities but not others ?
Economies of agglomeration A:Economies of agglomeration Prof. Moretti in his book ‘Geography of Jobs’ identifies three things, that economists collectively refer to as the forces of agglomeration, as driving factors. […]
Four largest MSAs in Texas see annual increase in job openings in June
Compared to June of last year, all of the main MSAs (metropolitan statistical areas) in Texas saw an annual increase in the number of job openings and decrease in the searcher-to-job opening […]
Just move already…geographic mobility and economic opportunity
In Chapter 6 of Moretti’s book ‘Geography of Jobs’, he argues that geographic mobility is a key to economic prosperity. The ability and willingness to move from an economically depressed […]
Texas job openings increased from May 2014 to June 2014
The number of job openings in Texas increased from 342,800 in May 2014 to 343,517 in June 2014. The median number of job searchers per job opening across all MSAs (metropolitan statistical […]
Medical Care Commodities Inflate at a Higher Rate than General Inflation from May 2014 to June 2014
The consumer price index (CPI) went up from 37.083 in May 2014 to 237.693 in June 2014, an annualized rate of 3.09%. The price index for medical care commodities went […]
Texas Nurses, Therapists, and Physician Assistants See Increase in both Job Openings and Searchers per Job Opening from April 2014 to May 2014
The number of job openings and searcher-to-job opening ratio in Texas for nurses, therapists, and physician assistants increased from 9,292 and 0.95, respectively, in April 2014 to 9,612 and 1.09, […]
Moretti’s economic tale of two cites: where Microsoft is now and Albuquerque
In Moretti’s book, he provides a detail study of how innovation jobs can be economic driver and dictate the economic future of a town, city or region. Moretti discusses where […]
Unemployment Rate for Eagle Ford Shale Production Counties Increased from April 2014 to May 2014
The unemployment rate for the 14 Eagle Ford Shale core production counties went up from 5.3% in April 2014 to 5.5% in May 2014. Image source: http://www.aei-ideas.org/2012/12/texas-eagle-ford-shale-map-and-chart/
What is the innovation sector? Thoughts on Moretti’s book ‘The New Geography of Jobs’
Enrico Moretti’s book “‘The New Geography of Jobs” discusses how certain jobs, which he refers to innovation jobs, and where they are located are important factors for economic development. Using […]
Texas Oil and Gas Extraction Jobs Grew by 2.3% from April 2014 to May 2014
The oil and gas extraction industry in Texas gained 2,500 jobs from April 2014 to May 2014. Compared to May 2013, the cumulative number of jobs added in this industry […]