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MetroMonitor MetroMonitor: Tracking Economic Recession and Recovery in America's 100 Largest Metropolitan Areas (2nd Quarter, 2011)Seventy-four of the 100 largest metropolitan areas lost a greater share of jobs 14 quarters after the start of the Great Recession (the fourth quarter of 2007) than they did during the first 14 quarters after the start of any of the previous three national recessions. Fourteen quarters after the start of the national recession, the 100 largest metropolitan areas combined had lost 5.0 percent of the jobs they had at the start of the Great Recession that began in 2007, compared to 0.8 percent for the 2001 recession. However, in the 1981-1982 recession, employment in the 100 largest metropolitan areas had grown by 7.0 percent in the first 14 quarters after the start of the national recession and in the 1990-1991 recession it had grown by 1.0 percent. For more, see the Brookings Institution MetroMonitor. |
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