Brookings Institution Finds Economic Recovery in Metro Areas to be Sluggish and Uneven


The Brookings Institution released its July Metro Monitor, in which the organization inspects key economic indicators from each of America’s 100 largest metropolitan areas in order to assess the national recovery.  The findings point towards a sluggish recovery.  Since the fourth quarter of the previous year, employment among the U.S.’s most populated regions rose 0.5%, unemployment fell 0.3%, GDP grew 0.6%, and housing prices decreased 2.1%.  Brookings points out diminishing GDP growth and meager job numbers as the most troubling indicators. 
Texas metro areas, due to a booming natural gas sector, experienced a more mild recession, and have thus pulled out of the downturn better than most regions.  High-tech metro areas such as Boston, Raleigh, San Jose, and Seattle have benefited from stabilization in housing prices, while on the other hand the majority of metro areas in the west have performed poorly.
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