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The whole country is pretty much in a depression, but there are a couple of metros that are doing fairly well. I would say the Texas metros are doing fine. The DC area will always be recession proof.
recession proof, not sure but is typically especially in recent more insulated. The DC economy goes as does Govt spending; which has been considerable for the past 12 or so years.
While probably not a recession with a reduction in Govt spend DC could see a leveling in growth and less likely a minor downturn
recession proof, not sure but is typically especially in recent more insulated. The DC economy goes as does Govt spending; which has been considerable for the past 12 or so years.
While probably not a recession with a reduction in Govt spend DC could see a leveling in growth and less likely a minor downturn
You also have to think about all the jobs that are associated with the government in DC. Defense contractors, the large lobbyist field, lawyers, etc.
If you were to explain this to an 8th grader, how would you quantify the breakdown of the information below?
Its the rate that total personal income grew from 2009 and 2010 in an MSA.
San Jose is extremely impressive these days. SJ has the fastest growing GDP, the fastest growing personal income, and the fastest growing average annual wage(a whopping 10% increase in 1 year, approx. twice as fast as 2nd place Austin).
BTW, Austin is 2nd among large MSAs in each of those criteria as well so it deserves accolades too.
8.0% unemployment is "strong"? I mean, it's certainly not terrible...but it's ranked 195th out of 372 metro areas.
Indy might be on the upswing, but it is, at best, very average at this point. I'd say <6.0% is strong.
Metro areas have to be divided up.
According to the Census its any place with a core city over 50,000 in population.
Im talking about Big Cities.
If we want to get all nitty and gritty sure Indy is ranked 195th out of 372 but lets trim the fat *Smaller Metros* cause many of them dont have the amendities that Indy has.
So compared to similar sized or bigger cities Indy actually does very well
That was the point of that.
Its the rate that total personal income grew from 2009 and 2010 in an MSA.
San Jose is extremely impressive these days. SJ has the fastest growing GDP, the fastest growing personal income, and the fastest growing average annual wage(a whopping 10% increase in 1 year, approx. twice as fast as 2nd place Austin).
BTW, Austin is 2nd among large MSAs in each of those criteria as well so it deserves accolades too.
SJ, really CA in general has been picking up.
Would be curious if the combined Bay (SJ at 7.5+% and SF at 4%) would be on top in aggregate, would be close as it relates to Austin.
Either way is really good to see continued growth in the area and to me even better the significant reductions in unemployment in CA as a whole which was especially hard hit in the recession.
Am hopeful many of these indicators will show continued improvement all throughout the country.
To me the one thing on income (or even GDP) is that it is more absolute growths in the health of a place; meaning just more output generated and more income to the people; both very good
Its the rate that total personal income grew from 2009 and 2010 in an MSA.
San Jose is extremely impressive these days. SJ has the fastest growing GDP, the fastest growing personal income, and the fastest growing average annual wage(a whopping 10% increase in 1 year, approx. twice as fast as 2nd place Austin).
BTW, Austin is 2nd among large MSAs in each of those criteria as well so it deserves accolades too.
Metro areas have to be divided up.
According to the Census its any place with a core city over 50,000 in population.
Im talking about Big Cities.
If we want to get all nitty and gritty sure Indy is ranked 195th out of 372 but lets trim the fat *Smaller Metros* cause many of them dont have the amendities that Indy has.
So compared to similar sized or bigger cities Indy actually does very well
That was the point of that.
Okay, let's look at the 1 million+ metros, then:
1 Oklahoma City - 4.4%
2 Washington - 5.5%
3 Boston - 5.7%
4 Salt Lake City - 5.9%
5 Austin - 6.0%
6 Minneapolis-St. Paul - 6.1%
7 Richmond - 6.2%
8 Virginia Beach - 6.4%
9 Birmingham - 6.5%
10 San Antonio - 6.6%
11 Nashville - 6.7%
12 Columbus - 6.8%
13 Dallas - 7.0%
13 Houston - 7.0%
13 New Orleans - 7.0%
16 Baltimore - 7.1%
16 Cleveland - 7.1%
16 Pittsburgh - 7.1%
19 Phoenix - 7.5%
20 Kansas City - 7.6%
21 Milwaukee - 7.7%
22 Cincinnati - 7.8%
22 Raleigh - 7.8%
24 Seattle - 7.9% 25 Indianapolis - 8.0%
25 Rochester - 8.0%
27 Hartford - 8.1%
28 Denver - 8.2%
29 Jacksonville - 8.3%
29 Portland - 8.3%
31 Miami - 8.4%
31 Philadelphia - 8.4%
31 St. Louis - 8.4%
34 Buffalo - 8.6%
34 Orlando - 8.6%
36 Atlanta - 8.7%
37 Memphis - 8.8%
38 New York - 8.9%
38 San Francisco - 8.9%
38 Tampa - 8.9%
41 Chicago - 9.0%
41 Louisville - 9.0%
43 San Jose - 9.3%
44 San Diego - 9.5%
45 Charlotte - 9.6%
45 Detroit - 9.6%
47 Los Angeles - 10.9%
48 Providence - 11.6%
48 Sacramento - 11.6%
50 Las Vegas - 12.1%
51 Riverside - 12.7%
Still middle of the road.
Again, not trying to "knock" Indy here...just pointing out that I think that calling it "strong" compared to others is a bit of a stretch.
MSA by Annual GDP Growth Rate, 2009-2010
San Jose-Sunnyvale-Santa Clara +13.33%
Austin-Round Rock-San Marcos +7.66%
Houston-Sugar Land-Baytown +5.60%
Boston-Cambridge-Quincy +5.55%
New York-Northern NJ-Long Island +5.46%
Pittsburgh +5.41%
As I've said, Austin and Houston way up there doing very well.
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, approx. twice as fast as 2nd place Austin).
