The unemployment rate in Raleigh, N.C., is below the national average. Above, runners in the city in April. Photo: Streeter Lecka/Getty Images for Rock ‘N’ Roll Marathon By Shayndi Raice Shayndi Raice The Wall Street Journal Biography @Shayndi www.facebook.com/shayndi Shayndi.Raice@wsj.com Nov. 24, 2018 8:00 am ET
The New York and Washington regions were the big winners in Amazon.com Inc.’s contest for its new headquarters project, leaving others behind because the two East Coast metro areas had the sheer scale to meet the company’s needs for 50,000 workers.
The decision highlighted a continuing shift of economic might toward big coastal power cities, but it obscured something else happening in the U.S. economy.