Which Local Economy is The Most Recession Resistant? (better, rates, largest)

[As Above So Below...]

Originally Posted by ParaguaneroSwag

Salt Lake City been impressing with low unemployment all recession long. While I knew they’d be one of the least hit, I didn’t know they’d be aolidly first.

As for Vegas, I knew they would be the hardest hit.

Houston is doing poorly compared to its peers but much better than I thought it would be doing. We'll be back in no time and in the meantime the city is diversifying its economy. We'll be good.

DFW is killing it of course. Vegas is no surprise. My family who lives there pretty well all got laid off except for the ones in the military.

[Taynxtlvl]

You would think Vegas would have learned after the last recession. Phoenix got hit hard then too but have done a fantastic job diversifying since then. Vegas not so much. Vegas is still largely a one trick pony and very vapid economy.

[rnc2mbfl]

Raleigh keeps getting press for its resiliency and its projected post-pandemic performance. It also topped a recent list of cities with the best small business sentiment for the coming year.
https://smartasset.com/financial-adv...itive-for-2021
It may not be the most resilient in the nation, but it's been near the top of resiliency for decades.

[18Montclair]

How do cities considered resilient fare here? Just wondering...

50 Largest Metro Area GDPs by 2010-2019 Growth Rate
+99.80% San Jose-Sunnyvale-Santa Clara
+85.97% San Francisco-Oakland-Berkeley
+77.43% Seattle-Tacoma-Bellevue
+76.98% Austin-Round Rock-Georgetown
+75.89% Raleigh-Cary
+67.02% Nashville-Davidson-Murfreesboro-Franklin
+66.19% Salt Lake City
+62.44% Charlotte-Concord-Gastonia
+61.71% Riverside-San Bernardino-Ontario
+61.23% Denver-Aurora-Lakewood

+58.67% Orlando-Kissimmee-Sanford
+58.66% Portland-Vancouver-Hillsboro
+57.81% Atlanta-Sandy Springs-Alpharetta
+56.18% San Antonio-New Braunfels
+55.81% Dallas-Fort Worth-Arlington
+55.55% Sacramento-Roseville-Folsom
+55.41% Phoenix-Mesa-Chandler
+52.73% Miami-Fort Lauderdale-Pompano Beach
+50.64% San Diego-Chula Vista-Carlsbad
+49.94% Columbus

+49.80% Las Vegas-Henderson-Paradise
+49.39% Jacksonville
+48.98% Los Angeles-Long Beach-Anaheim
+47.51% Cincinnati
+47.46% Boston-Cambridge-Newton
+46.80% Houston-The Woodlands-Sugar Land
+46.59% Tampa-St Petersburg-Clearwater
+46.30% Richmond
+44.92% New York-Newark-Jersey City
+43.90% Minneapolis-St Paul-Bloomington

+41.59% Detroit-Warren-Dearborn
+39.33% Pittsburgh
+38.63% Baltimore-Columbia-Towson
+38.06% Kansas City
+37.51% Chicago-Naperville-Elgin
+37.41% Louisville/Jefferson County
+35.43% Buffalo-Cheektowaga
+35.21% Indianapolis-Carmel-Anderson
+33.55% Memphis
+35.19% Oklahoma City

+33.53% Philadelphia-Camden-Wilmington
+33.25% Cleveland-Elyria
+33.17% Washington-Arlington-Alexandria
+29.95% Milwaukee-Waukesha
+29.90% Providence-Warwick
+25.42% St Louis
+25.20% Virginia Beach-Norfolk-Newport News
+24.17% Hartford-East Hartford-Middletown
+17.47% Bridgeport-Stamford-Norwalk
+2.78% New Orleans

[ParaguaneroSwag]

Originally Posted by 18Montclair

How do cities considered resilient fare here? Just wondering...

50 Largest Metro Area GDPs by 2010-2019 Growth Rate
+99.80% San Jose-Sunnyvale-Santa Clara
+85.97% San Francisco-Oakland-Berkeley
+77.43% Seattle-Tacoma-Bellevue
+76.98% Austin-Round Rock-Georgetown
+75.89% Raleigh-Cary
+67.02% Nashville-Davidson-Murfreesboro-Franklin
+66.19% Salt Lake City
+62.44% Charlotte-Concord-Gastonia
+61.71% Riverside-San Bernardino-Ontario
+61.23% Denver-Aurora-Lakewood

+58.67% Orlando-Kissimmee-Sanford
+58.66% Portland-Vancouver-Hillsboro
+57.81% Atlanta-Sandy Springs-Alpharetta
+56.18% San Antonio-New Braunfels
+55.81% Dallas-Fort Worth-Arlington
+55.55% Sacramento-Roseville-Folsom
+55.41% Phoenix-Mesa-Chandler
+52.73% Miami-Fort Lauderdale-Pompano Beach
+50.64% San Diego-Chula Vista-Carlsbad
+49.94% Columbus

+49.80% Las Vegas-Henderson-Paradise
+49.39% Jacksonville
+48.98% Los Angeles-Long Beach-Anaheim
+47.51% Cincinnati
+47.46% Boston-Cambridge-Newton
+46.80% Houston-The Woodlands-Sugar Land
+46.59% Tampa-St Petersburg-Clearwater
+46.30% Richmond
+44.92% New York-Newark-Jersey City
+43.90% Minneapolis-St Paul-Bloomington

+41.59% Detroit-Warren-Dearborn
+39.33% Pittsburgh
+38.63% Baltimore-Columbia-Towson
+38.06% Kansas City
+37.51% Chicago-Naperville-Elgin
+37.41% Louisville/Jefferson County
+35.43% Buffalo-Cheektowaga
+35.21% Indianapolis-Carmel-Anderson
+33.55% Memphis
+35.19% Oklahoma City

+33.53% Philadelphia-Camden-Wilmington
+33.25% Cleveland-Elyria
+33.17% Washington-Arlington-Alexandria
+29.95% Milwaukee-Waukesha
+29.90% Providence-Warwick
+25.42% St Louis
+25.20% Virginia Beach-Norfolk-Newport News
+24.17% Hartford-East Hartford-Middletown
+17.47% Bridgeport-Stamford-Norwalk
+2.78% New Orleans

While I respect the information that this list shows, this thread is about the recession which started in 2020. Which isn’t included here

[18Montclair]

Originally Posted by ParaguaneroSwag

While I respect the information that this list shows, this thread is about the recession which started in 2020. Which isn’t included here

Right but there was a terrible recession in 2009-2011. Recessions happen every decade so it's not like this is new. In fact the last recession was worse than this one in that there was no protection for homeowners, renters, no stimulus check, nothing like that---8 million homes lost, 20 million jobs lost, near financial industry collapse, etc.

So we have in this list a report card of the long term performance of these metros during and after the Great Recession.

[18Montclair]

Originally Posted by mwj119

What do we think, based on things like diversity of the local economy, housing devaluations, unemployment numbers, and State and Local social assistance?

Furthermore, the OP makes no mention of this thread being specific to this recession, btw.

[As Above So Below...]

Originally Posted by 18Montclair

Right but there was a terrible recession in 2009-2011. Recessions happen every decade so it's not like this is new. In fact the last recession was worse than this one in that there was no protection for homeowners, renters, no stimulus check, nothing like that---8 million homes lost, 20 million jobs lost, near financial industry collapse, etc.

So we have in this list a report card of the long term performance of these metros during and after the Great Recession.

The economy bottomed out in 2009 and we rebounding quickly by 2010. I dont know that this data shows how these did in the Great Recession on its own. Besides, we had incredible economy prosperity from that point onward.

I think this shows more of how fast economies grew in good times.

[rnc2mbfl]

Originally Posted by As Above So Below...

The economy bottomed out in 2009 and we rebounding quickly by 2010. I dont know that this data shows how these did in the Great Recession on its own. Besides, we had incredible economy prosperity from that point onward.

I think this shows more of how fast economies grew in good times.

It wasn't rebounding quickly in 2010. If it had, Democrats wouldn't have been slaughtered by the Tea Party in the 2010 election cycle.

[As Above So Below...]

Originally Posted by rnc2mbfl

It wasn't rebounding quickly in 2010. If it had, Democrats wouldn't have been slaughtered by the Tea Party in the 2010 election cycle.

It was relatively rapid, yes. It wasnt v-shaped, but it was noticeable. The official recession was from mid-2008 to Beginning 2010.

https://www.bbc.com/news/business-42748243

Im all for using data like this to determine what CSAs look like in a recession, but I would look for something like 2005-2015 instead.