Job Growth Up at Modest but Consistent Rates in Majority of Large Metropolitan Areas

By Ray Pinard | April 9, 2013

Here’s an interesting article from the Metropolitan Policy Program at the Brookings Institute

Washington, D.C. – Among America’s 100 largest metropolitan areas, 78 posted job gains
between the third and fourth quarters of 2012, according to the latest edition of the Brookings Institution Metropolitan Policy Program’s MetroMonitor index released today. Employment in the typical large metro area grew by 0.4 percent at the end of last year, matching the national growth rate and topping the rate from the prior two quarters.

“The good news is that 44 months after the recession officially ended, jobs are growing,
unemployment is ticking down, and housing prices are finally rebounding,” said Alec Friedhoff, an associate fellow with the Metropolitan Policy Program and lead developer of the MetroMonitor. “Yet even after 44 months, true recovery seems a long way off. Growth rates are still relatively slow and as of the last quarter of 2012, only fourteen large metro areas had reached or surpassed their pre-recession employment levels.”

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