Despite the negative reaction to the latest jobs report, the economy is still recovering — at least in certain places
We evaluated cities using indicators in the fourth quarter MetroMonitor from the Brookings Institute, and found that these 11 cities have had a remarkable comeback.
#11 Nashville, Tennessee
- Unemployment rate down -3.0% since 2009Q2
- Employment up 5.9% since 2009Q3
- Gross metro product up 11.3% since 2009Q2
- Home prices down -0.6% from 2012Q1-2012Q2
Data provided by the Brookings' MetroMonitor. Gross Metro Product and Home Prices are tracked from Trough to 2012Q2 [full housing data not available for Nashville]. Unemployment and Employment are tracked from Trough to 2012Q1.
#10 Austin, Texas
- Unemployment rate down -1.3% since 2009Q4
- Employment rate up 7.4% since 2009Q4
- Gross metro product up 14.2% since 2009Q3
- Home prices up 1.0% since 2011Q2
Data provided by the Brookings' MetroMonitor. Gross Metro Product and Home Prices are tracked from Trough to 2012Q2. Unemployment and Employment are tracked from Trough to 2012Q1.
#9 Portland, Oregon
- Unemployment rate down -3.1% since 2009Q2
- Employment up 4.3% since 2009Q4
- Gross metro product up 20.6% since 2009Q2
- Home prices down -1.6% from 2012Q1-2012Q2
Data provided by the Brookings' MetroMonitor. Gross Metro Product and Home Prices are tracked from Trough to 2012Q2 [full housing data not available for Portland]. Unemployment and Employment are tracked from Trough to 2012Q1.
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