This Week in the Mercury

A Culinary Love Letter to Haruki Murakami

Food and Drink

A Culinary Love Letter to Haruki Murakami

Nodoguro Crafts a Nine-Course Homage to the Iconic Japanese Author as His Latest Novel Debuts

Special Forces


Special Forces

Oregon's Prison Reform May Partly Hinge on a New Police Squad

Friday, August 10, 2012

Is Portland Actually the Place Young People Go to Retire?

Posted by Sarah Mirk on Fri, Aug 10, 2012 at 11:44 AM

Slate writer Matt Yglesias was visiting Portland last week and kept hearing the same stale joke: "Portland is the place where young people go to retire."

Eventually, he figured out that the joke is from Portlandia. But then he decided to dig into the wonky economic graphs and see if the punchline is true.

The conclusion: Portland's economy was miserable back when the recession hit in 2008 and 2009, but it has rebounded quickly and our unemployment rate is actually slightly better than the rest of the country's. The city has lowered its unemployment rate more drastically than most of the country during the past three years. Good work, team.


He points to our high number of residents with college degrees as a big factor in the recovery:

What’s coming through today are strong underlying fundamentals. Über-hip Portland and its supersquare opposite, Washington, D.C., are probably doing well for the same underlying reason. Portland has an above-average share of college graduates and a below-average unemployment rate. The D.C., Boston, and Minneapolis areas have even more college graduates and even stronger local labor markets.

So, good news. I also love the correction at the bottom of Yglesias's article: He regretfully referred to food carts as "food trucks."

Comments (2)

Showing 1-2 of 2

Subscribe to this thread:
Showing 1-2 of 2

Comments are closed.

All contents © Index Newspapers, LLC

115 SW Ash St. Suite 600
Portland, OR 97204

Contact Info | Privacy Policy | Production Guidelines | Terms of Use | Takedown Policy