Brookings Institution: MetroMonitor March 2011
In its March 2011 MetroMonitor report on the fourth quarter of 2010, the Brookings Institution says economic growth was widespread at year's end, but labor markets have yet to catch up.
The 20 overall strongest-performing metros were:
• Augusta, Georgia-South Carolina
• Austin, Texas
• Columbia, South Carolina
• El Paso
• Hartford, Connecticut
• Jackson, Mississippi
• Little Rock
• Louisville, Kentucky-Indiana
• McAllen, Texas
• Oklahoma City
• Salt Lake City
• San Antonio
• Scranton, Pennsylvania
• Washington, D.C.-Virginia-Maryland
The strength of recovery in a metro area is not very closely tied to how low it fell during recession. Areas that have recovered most rapidly tend to be those that rely strongly on government or the oil and gas sectors. Employment in healthcare and education also protected the economies of these metros.
Overall, 49 of the 100 biggest metros experienced job growth in the fourth quarter of 2010. Only 14 experienced at least three quarters of job growth last year. Austin, Texas; Boston; Charleston, South Carolina; and Minneapolis-St. Paul saw job growth every quarter of 2010.
How are Uncertain Times Altering Company Location Strategies?
Infrastructure Investment as an Economic Stimulus Tool
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Site Selection 2020: The Importance of “Regional Depth” with Global Reach
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row