Greg Ward, of the council's economic development unit, thinks investors had been put off by the city's high employment rate, which stood at just over 80% of the working-age population in 2008.
If the lump-of-labour argument were correct, you would expect to see that a high employment rate among the wrinklies would be offset by a low employment rate among the youngsters, and vice versa.
Another local virtue which helps is the high rate of self-employment: 15% of the region's workforce is self-employed, compared with 9% in Scotland as a whole.
Its population of roughly 10, 000 includes a large Hispanic community, relies largely on Los Alamos National Lab for employment and struggles with a high poverty rate.
It balances wages of low paid workers against employment prospects if the rate was set too high.
Although immigration remains a major contributor to Hispanic population growth, the recent recession and high employment rates may have prompted a tapering off in the rate of foreign-born nationals seeking U.S. residence, analysts said.
Once you factor in the U-6 measure of unemployment, which includes discouraged workers and part-time workers seeking full time employment, the real unemployment rate is at a sky high 14.9%.
The absence of conversion of a promising STEM education into employment opportunities and high-growth entrepreneurship contributes to an astonishingly low rate of job-creating, high-growth businesses and overall performance in the innovation ecosystem.
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Alaska's unemployment rate is high, in large part due to significantly higher seasonal employment than any other state, according to Dan Robinson, an economist with the Alaska Department of Labor and Workforce Development.
That means that, basically, the unemployment rate is still very high versus the level that we would see when the economy is operating at full employment.
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