Metros Least Touched by Recession U.S.
A combination of stable home prices and sizable sectors in health care, energy, government, and education kept these metropolitan areas relatively stable
Home prices in metros such as
BusinessWeek.com used data and analysis from the Brookings Institution's new MetroMonitor to come up with the nation's 40 strongest economies. The MetroMonitor, which measures the nation's health on a quarterly basis, ranks the top 100 metros based on job growth, unemployment, gross metropolitan product, and home prices.
A relative boom in Baton Rouge
"No place has been untouched by this recession. This is a change from previous recessions," said Alan Berube, a senior fellow and research director of the Brookings Metropolitan Policy Program. "But there's a big difference in losing one-tenth of a percentage and losing 15% of jobs."
Scott said $5.1 billion of construction projects have been announced or are under construction in the
"One nice thing after another thing happened that has countered what's happening in the rest of the country," Scott said.
Ernie Goss, an economist at
A 22-year unemployment high in
Although the metros in the ranking are strong by relative standards, their unemployment rates in many cases are now peaking because they entered the recession late.
The unemployment rate in
"It's perceived as a low-cost place to do business," Clower said. "Because housing is affordable, the wage rates reflect that."
Marisa Di Natale, a director at Moody's Economy.com, said late arrivals to the recession will generally face mild downturns.
These metros "haven't had a big erosion in housing wealth, which has kept consumer spending stronger than it would otherwise be," Di Natale said.
, TX Arlington
Overall rank: 5
The sprawling, vibrant, and diverse metro has a major international airport, professional sports teams, and large corporations. It is home to ExxonMobil, J.C. Penney, and TXU Energy. Employment in the
Job growth (since peak) rank: 13
Gross Metro Product (since peak) rank: 11
Unemployment change (year over year) rank: 32
Home price change (year over year) rank: 3
The link below will allow you to view the entire list of the 40 strongest economies
Have a Great Weekend.