Here's the money quote:

The current economic crisis is unlikely to result in the same kind of
shared experience. To be sure, the economic contraction is causing pain
just about everywhere. In October, less than a month after the
financial markets began to melt down, Moody’s Investor Services
published an assessment of recent economic activity within 381 U.S.
metropolitan areas.
Three hundred and two were already in deep
recession, and 64 more were at risk. Only 15 areas were still
expanding. Notable among them were the oil- and natural-resource-rich
regions of Texas and Oklahoma, buoyed by energy prices that have since
fallen; and the Greater Washington, D.C., region, where government
bailouts, the nationalization of financial companies, and fiscal
expansion are creating work for lawyers, lobbyists, political
scientists, and government contractors. [emphasis added]
- Richard Florida from
"How the Crash Will Reshape America" [Atlantic]
Yes, the job market is weak but it's much better than other cities. It is the #4th strongest in the country after Houston, Dallas and San Antonio, according to Bureau of Labor Statistics.