Monday, June 29, 2009

Tracking Economic Recession and Recovery in America’s 100 Largest Metropolitan Areas

Beneath the constant drumbeat of headline numbers emanating from Washington on U.S. jobs, national unemployment, GDP, and home prices lies a complex, diverse set of 366 metropolitan economies. While no metro area has been immune from the current economic downturn, the pain is unevenly distributed. Some have felt only modest effects, and a few show early signs of recovery, while others are undergoing a wrenching restructuring that may fundamentally alter their economic trajectory.

The MetroMonitor, an interactive barometer of the health of America’s metropolitan economies, looks “beneath the hood” of national economic statistics to portray the diverse metropolitan landscape of recession and recovery across the country. It aims to enhance understanding of the underpinnings of national economic trends, and to promote public- and private-sector responses to the downturn that take into account metro areas’ unique starting points, weaknesses, and strengths—the potential “grassroots green shoots”—for eventual recovery.

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