Prosperity is Increasing in America’s Largest Metro Areas, but Not for Everyone

Wednesday, March 11th, 2020
Even amid a coronavirus outbreak that is prompting fear of a worldwide economic downturn, it’s worth reflecting that the United States has achieved a record-long economic expansion over the past decade-plus. The nation’s GDP has grown in every quarter since the middle of 2009, and the labor market has added jobs in every month since September 2010. However, GDP and job growth on their own are not sufficient markers of economic health. As the annual Metro Monitor illustrates, economic success involves a combination of growth, prosperity (increasing average value of an economy), and inclusion (improved well-being for everyone)—trends that differ dramatically in their trajectory and magnitude across the nation’s major metropolitan areas. This year’s Monitor tracks the performance of America’s metro area economies in these three respects, from the dawn of the Great Recession in 2008 through 2018 (the latest year of available data). Follow this link to read more. Sourced from: Brookings