Laredo, TX - the LAST Recession-Proof City in America
In early 2008, there were 27 recession-proof areas on our list of 350+ metropolitan areas. At the end of 2008, this had dropped to 16. Now, with data thru January 2009, Laredo Texas is the only recession-proof city on the list.
Here's why in a nutshell: Laredo is on the main trade route between the United States and Mexico according to the Laredo Development Foundation. About 40% of all the goods that pass between the US and Mexico (both ways) go through Laredo.
BLS data released on March 19, 2009 shows that half of the new jobs in Laredo in the 12 months ending January 2009 were in Government, and about one-fourth of all the employees in Laredo are in the Government sector. We're told that most Goverment employees in Laredo are in Homeland Security and Customs.
Every month JobBait publishes a list of the recession-proof cities (metropolitan areas) that did not lose jobs in the recession of 1990/01, 2001/02, the last 12 months and the last 3 months. The purpose of this list is to help job-seekers find greener pastures. To see the current list and how your area is doing, click here.
Article by, Mark Hovind and courtesy of CareerHub.com. The Career Hub blog connects job seekers with experts in career counseling, resume writing, personal branding and recruiting.










