Economic Factors

4 Pages 990 Words

Economic Factors

The two cities that I have chosen to evaluate for economic differences are Jeffersonville, Indiana which lies in the Clark County Area and San Diego, California witch lies in the County of San Diego Area. The two most important factors for me when moving would be the job opportunities and climate. I will evaluate these and also cost of living expenses.
The current population of Clark County stands at 96,472 versus the 2.8 million in the County of San Diego. According to the Bureau of Labor Statistics Clark County in the third quarter of 2004 reported an unemployment rate of 5.5%. This has steadily grown from 3.7% in the fourth quarter of 2003. Clark County’s Total Resident Labor Force as of 2003 consists of 53,699 with 51,487 people employed. Leaving 2,212 people unemployed approximately 4.2% of the labor force. The County of San Diego reported and unemployment rate of 3.2% as of the fourth quarter in 2004. This has fluctuated from 3.6% in December of 2003 to 4.4% in July of 2004 back down to the current 3.2%. The County of San Diego’s total labor force consists of 1,521,000 with 1,472,800 people employed leaving 48,200 people unemployed. When evaluating these two cities the County of San Diego looks to be better on paper with its 3.2% unemployment versus Clark County’s 5.5%. After reviewing it more closely Clark County has only 2,212 people unemployed versus the 48,200 people in the County of San Diego.
Cost of living is also a major component when making a decision between two cities. Before I could compare the cost of living I had to evaluate the pay scale of the two counties. According to salarywizard.com a person who is looking for a Network Administration job in Clark County at the low end would make $38,490 all the way up to $48,728 a year. While a person in the County of San Diego would make $41,040 all the way up to $51,957 a year. Employers in San Diego typically pay 6.6% more than employees...