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Hometown Unemployment

By Chris | December 5, 2007

The unemployment rate in the Idaho Falls/Blackfoot greater area is currently 1.4 percent (as of September). The data is courtesy of Economagic.com, a great site that compiles all sorts of interesting economic data. It is worth checking out. And, if you’re looking to relocate to a small western town with amazing trout fishing, frisbee golf, and 4th of July fireworks, you should consider Idaho Falls as well.

Topics: Uncategorized | 14 Comments »

14 Responses to “Hometown Unemployment”

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    March 17th, 2015 at 5:17 pm

    Exactly right, Captain. Why is it that some people have a hard time dinhgsiuisting between self-directed education and having some old, worn out professor bore you to death about an interesting subject that one could have learned on his own at the library. I remember when I was supposed to take AP Macroeconomics in high school and the school faculty forced me to drop down to honors economics because of the ridiculous courseload I had signed up partially by accident. I was devastated and as a way to spite these people, I single handedly took Greg Mankiw’s Principles in Economics, the textbook that was assigned for the class, took it home winter break, read through the whole textbook in one week, and took notes on almost every single chapter (there were 36 chapters in all), the P/Q and aggregate demand and supply graphs, the Phillips curve, the circular flow diagram, and etc. using possibly hundreds of notecards resulting in several stacks of notes in all. The only chapter I regretted not reading was the chapter on microeconomics, which the AP U.S. history teacher who also taught the AP Macroeconomics class (he was one of the two teachers who taught this class) advised me not to read it because I wouldn’t need it for the AP test. I should have went against his so called wisdom and read it anyway just for my own benefit. When I tried to resign up for the AP Macro class, the school again wouldn’t let me do it, so that was discouraging, but my father gave me some of the best advice I had ever heard. He basically told me that even though I wasn’t going to be taking that specific class despite all the hard work I had done in preparation for it that all that knowledge that I had acquired would stay ingrained in my mind for a long time to come and he was right. That was when I learned to appreciate the massive wealth that good, scarce knowledge can bring to a person when they actively decide to seek it for themselves.Meanwhile, one of my friends from high school ended up taking that AP Macro class and ended up reading Paul Krugman’s blog regularly. This specific teacher had failed calculus in college, blaming the fact that his professor had died during the middle of the semester. When I tried to show him a few of Peter Schiff’s books, specifically How an Economy Grows and Crashes, he read through the whole thing and thought Peter was “full of crap” in his words and I believe he tried to justify all the Federal Reserve’s actions through historical merit. That should tell you a lot about the value of so-called public school “education,” though I don’t know anything about the state of the private schools because I’ve never attended one. It doesn’t teach anyone how to truly think critically or seek out information for themselves, though I did have some really good teachers here and there.

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