Comment 40825

By Ryan (registered) - website | Posted May 18, 2010 at 16:21:41

^I think you mean their high unemployment rate. The reason behind this is fascinating.

A huge proportion of in-migrants to Portland move there for the urban environment / quality of life and don't actually have jobs waiting for them - so many that the steady inflow of new residents from the rest of the USA actually has a measurable effect on the unemployment rate.

At any given moment, there are literally enough new residents who haven't found jobs yet that the unemployment rate is higher than the national average.

I should also point out that Portland is frequently recognized as a great city for entrepreneurship. As Adrian Duyzer recently argued on RTH, developing a culture of new, high-growth companies has better employment prospects than luring established companies from elsewhere.

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