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.
No comments :
Post a Comment