How are Cities Experiencing the Recession?

A new Brookings Institution study shows that American cities are experiencing the recession at "radically varying levels."

1 minute read

June 17, 2009, 2:00 PM PDT

By Michael Dudley

The Brookings Institution conducted a survey of the nation's 100 largest metropolitan areas and ranked them according to six "key indicators" -- employment, unemployment rates, wages, gross metropolitan product, housing prices, and foreclosure rates.

Detroit, with its 14 percent unemployment rate, was ranked last. Other cities, such as San Antonio Texas are weathering the recession fairly well. So much so, that one of the study' authors, Alan Berube, notes:

"This is not one national recession. It's felt barely at all in some parts of the country, and it's felt deeply and significantly in others...For the next several months we'll have to pay attention to several places that look like they're not poised to recover anytime soon."

The Brookings Institution's "MetroMonitor" website data will be updated quarterly.

FULL STORY: Recession Hurting U.S. Cities At "Radically Varying Levels"

Wednesday, June 17, 2009 in Huffington Post

Community / Economic Development United States

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