McAllen economy ranked among nation's strongest by Brookings Institution
The Brookings Institution - March 2010 MetroMonitor
March 17, 2010
The McAllen area ranked among the 20 strongest-performing metropolitan economies in the nation during the last three months of 2009, according to a study to be released today by the Brookings Institution, a public policy think tank in Washington, D.C.
Austin, San Antonio, El Paso and Dallas-Fort Worth also ranked in the top 20 in economic performance among the 100 largest U.S. metro areas, according to the institution's MetroMonitor barometer.
Click here for full report
Showing posts with label The Brookings Institution. Show all posts
Showing posts with label The Brookings Institution. Show all posts
Wednesday, March 17, 2010
Thursday, December 17, 2009
Just one metro area (McAllen) regained its pre-recession peak employment level...reported recently by The Brookings Institution
In a Recent Report by The Brookings Institution: Just one metro area (McAllen) regained its pre-recession peak employment level
The Brookings Institution
December 2009 — MetroMonitor:
Tracking Economic Recession and Recovery in America’s 100 Largest Metropolitan Areas Cities, Regions and States, U.S. Economy, Unemployment, Housing
Click Here to Read Full Report
Nationwide, the recession is over—at least in the view of most economists in light of third quarter 2009 indicators. They revealed a real U.S. gross domestic product (GDP) increasing at a 2.8 percent annual rate, after four consecutive quarters of contraction. Most interpreted that rate of output growth, along with other signals such as increasing housing prices, as indication that the economic recovery is underway.
...
Six metro areas—Albuquerque, Austin, McAllen, San Antonio, Virginia Beach, and Washington, DC—had regained their pre-recession peak level of output by the third quarter. Just one metro area (McAllen) regained its pre-recession peak employment level. No metropolitan area had a lower unemployment rate in September than it did one year earlier, though increases over that period ranged widely, from a little over 1 percentage point to more than 8 percentage points.
...
The Brookings Institution
December 2009 — MetroMonitor:
Tracking Economic Recession and Recovery in America’s 100 Largest Metropolitan Areas Cities, Regions and States, U.S. Economy, Unemployment, Housing
Click Here to Read Full Report
Nationwide, the recession is over—at least in the view of most economists in light of third quarter 2009 indicators. They revealed a real U.S. gross domestic product (GDP) increasing at a 2.8 percent annual rate, after four consecutive quarters of contraction. Most interpreted that rate of output growth, along with other signals such as increasing housing prices, as indication that the economic recovery is underway.
...
Six metro areas—Albuquerque, Austin, McAllen, San Antonio, Virginia Beach, and Washington, DC—had regained their pre-recession peak level of output by the third quarter. Just one metro area (McAllen) regained its pre-recession peak employment level. No metropolitan area had a lower unemployment rate in September than it did one year earlier, though increases over that period ranged widely, from a little over 1 percentage point to more than 8 percentage points.
...
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