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Detroit actually got hit hard throughout most of the 2000-09 decade, bleeding jobs prior to the recession when nobody else was. So the actual recession just made it even worse.
Yeah, most people don't realize that Detroit had a REALLY good 1990's on the jobs front, but then after the relatively small nationwide recession of the early 2000's, Detroit totally sat out the 2003-2008 recovery. Then it fell on it's face during the 2008 to 2010 period, but then has not FINALLY come back pretty good after 15 years "off".
Detroit is just now cresting over its 1991 number of jobs.
Detroit and Chicago had relatively typical booms and busts, but that 2000-2008 cycle had Detroit sitting it out while Chicago was more normal with the 300,000 job recovery during 2004-2008, hence it's actually 700,000 jobs above where it was in 1991 while Detroit is lagging so much. Detroit is really catching up now though, but it's been set back to a much further 2nd economy of the Midwest compared to where it was in 1990.
Minneapolis went from down 450,000 jobs compared to Detroit in 1991 to only down 45,000 jobs in 2010. Since then though Detroit has had more sheer numbers added, and Detroit currently has 120,000 more jobs than Minneapolis.
Growth rates in jobs:
1991-2000:
Detroit: +18%
Chicago: +16%
Minneapolis: +20%
Cleveland: +10%
St Louis: +10%
Milwaukee: +10%
Des Moines: +17%
Indianapolis: +20%
2000-2008:
Detroit: -12%
Chicago: +2%
Minneapolis: +3%
Cleveland: -3%
St Louis: -1%
Milwaukee: -1%
Des Moines: +12%
Indianapolis: +7%
2008-2010:
Detroit: -10%
Chicago: -8%
Minneapolis: -3%
Cleveland: -7%
St Louis: -2%
Milwaukee: -4%
Des Moines: +1%
Indianapolis: -8%
2010-2017:
Detroit: +13%
Chicago: +9%
Minneapolis: +9%
Cleveland: +1%
St Louis: +9%
Milwaukee: +7%
Des Moines: +9%
Indianapolis: +19%
1991-2017:
Detroit: +5%
Chicago: +18%
Minneapolis: +30%
Cleveland: +0%
St Louis: +16%
Milwaukee: +12%
Des Moines: +44%
Indianapolis: +41%
Last edited by Chicago60614; 03-15-2017 at 02:46 PM..
Atlanta got absolutely walloped. The recovery was also slow here, but it's been full speed ahead for the last 4 years. It's just booming like crazy now, almost like the 90's again.
True, but over the past five years income growth in Baltimore City has grown at nearly twice the national average and way more than any other county in Central Maryland.
True, but over the past five years income growth in Baltimore City has grown at nearly twice the national average and way more than any other county in Central Maryland.
I'm not sure Flint was affected much by the recession. It's fortunes are more tied to Detroit than anything. It's population loss didn't accelerate past it's current rates. Also the water issue was tied to decisions from 2014, a full 3 years after Michigan exited the recession and started posting bigger recovery gains.
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