Forbes Rates The Best And Worst Cities For Unemployment Pay
June 27, 2008
Forbes just released a list which ranked the best and worst cities for unemployment pay in the nation. San Antonio came in the 8th best city with a maxed unemployment benefit of $378, low cost of living and a 3.6% unemployment rate.
Texas cities overall ranked very well due to an unemployment rate of 4.5%, which is well below the national average of 5.5% and lower cost of living compared to other states. The process of how Forbes ranked the cities is below.
To compile our list, we evaluated the nation’s 40 largest cities on the unemployment insurance benefits available in their state–based on figures from local government agencies–and the cost of living per city, according to the Council for Community and Economic Research (CCER), an Arlington, Va. research firm. Many companies offer independent severance packages, but because they’re not required by law and vary by company, they weren’t included in our analysis.
For each city we considered how much money was available to a worker who was earning $150,000 a year and thus received the maximum weekly benefit in every state. For the sake of consistency it was assumed that our model worker had been employed during the previous year and was let go through no fault of his or her own. Then, we looked at how far the weekly unemployment check went, considering local costs for housing, transportation, health care and utilities.
For the complete story and list of cities visit Forbes.com
Comments
One Response to “Forbes Rates The Best And Worst Cities For Unemployment Pay”
Unemployment stats are up but I still see many high paying jobs posted on employment sites i.e.
http://www.realmatch.com
http://www.monster.com
http://www.simplyhired.com
There is still strong demand for professionals despite the stats