Texas leads in metro areas with high performing economies
Wed November 18, 2009 4:19 pm

This is from the Brookings Institution’s Metro Monitor:

Texas has six of the top twenty performing metro economies in the country. One of these is the only metro area in the country to record growth in both employment and output. Here are the six metro areas. Which one is it? The metro areas are listed in alphabetical order:

Austin-Round Rock
Dallas-Fort Worth-Arlington
El Paso
San Antonio

The answer is … McAllen! Amazing. None of these areas, however, has regained pre-recession levels of employment or output.

The Metro Monitor divides the list into five quintiles representing the strongest 20 metros, the second-strongest 20, the middle 20, the second weakest 20, and the weakest. Fourteen of the weakest 20 are in California and Florida, and the second-weakest quintile includes seven from those two states.

The rest of the 20 strongest:
Baton Rouge
Des Moines
Harrisburg-Carlisle, PA
Little Rock
New Haven
Oklahoma CIty
Omaha-Council Bluffs IA
Rochester, NY
Virginia Beach-Borfolk, Newport News
Washington-Arlington-Alexandria VA

The carnage at the bottom includes:
Bradenton-Sarasota-Venice FL
Cape Coral-Fort Myers FL
Jacksonville FL
Lakeland-Winterhaven FL
Las Vegas NV
Los Angeles-Long Beach
Miami-Fort Lauderdale-Miami Beach
Modesto CA
Oxnard-Thousand Oaks-Ventura CA
Palm Bay-Melbourne-Titusville FL
Riverside-San Bernadino-Ontario CA
Sacramento-Arden-Arcade-Roseville CA
Stockton CA
Tampa-St. Petersburg-Clearwater FL

Other interesting items
* Housing prices in Houston increased by 4.7% from 01/08 to 01/09
* The hardest hit manufacturing areas are those that depend heavily on the aut industry and its supply chain (Dayton, Detroit, Youngstown)
* Job losses and housing prices are better in non-automobile areas (Hartford, Rochester, Scranton)

More Texas Monthly

Loading, please wait...