Just as some regions and states have seen more home foreclosures than others, a recession can affect local economies differently. BusinessWeek explored this idea, and found that the most resilient cities in a recession are those with high numbers of jobs in health care, education, and government. The cities they mention may ride things out more smoothly than others but they are not completely protected, because a recessive economy impacts most everyone. Many places in California are especially recession prone; how does your city fare?
- Cities that benefit from government jobs: Arlington, Virginia; Washington, DC; Chesapeake, Virginia; Baton Rouge, Louisiana; Lincoln, Nebraska; Madison, Wisconsin.
- Places with university presence: Madison, WI; Durham, North Carolina; Irvine, California; Baltimore, Maryland; Boston, Massachusetts; Philadelphia, Pennsylvania; Seattle, Washington.
- Cities where many residents work in health care: Buffalo, New York; Durham, NC; Lubbock, Texas; Philadelphia, PA; Pittsburgh, PA.