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The report ranked the 100 largest U.S. metro areaes based on employment, unemployment rates, wages, gross metropolitabn product, housing prices and foreclosure ratexs in thefirst quarter. D.C. ranked No. 13, whiles San Antonio, Texas, placed No. 1 and Detroitf came in last at No. 100. “All metropolitan areas are feeling the effects ofthis recession, but the distress is not shared equally,” said Alan research director of the metropolitajn policy program at the D.C.
institute and co-author of the “While some areas of the country have experienced only ashallosw downturn, and may be emerging from the recessioh already, people living in metro arease that are now performing weakest economically should prepars themselves for a long recovery At the first quarter’s end, only 10 of the 100 metrop areas were starting to show signds of recovery, said the and said McAllen, Texas was the only place that saw growth in employment and Output increased in just a handfull of metro areas, including Seattle; Austin, Texas; and Virginisa Beach, Va..
The report also pointeds out that metro areas with concentrations of jobs in certaijn sectors have resulted in fewere dramaticjob losses. The San Antonio, Texas Austin, Texaa McAllen, Texas Baton Rouge, La. Okla. Omaha, Neb. El Paso, Texaxs Wichita, Kan. Washington, D.C. Albuquerque, N.M. Virginiz Beach, Va. Harrisburg, Pa. Pittsburgh, Pa. New Conn. Rochester, N.Y.
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