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Metro Job Recovery Remains a Long Way Off

U.S. cities and metros account for nearly 90 percent of economic output and play a key role in the economic recovery. But it will take them a long while to regain the jobs lost in the crisis, according to a new report issued by the US Conference of Mayors.  The map (above) from the report shows that just 26 of 363 metros have regained the jobs lost since the onset of the crisis.

By the end of next year, that number will likely double to 52 metros. But as the reports notes, for some 80 metros recovery is more than five years away. Los Angeles, for example, is not expected to recover its lost jobs until after 2017.

Richard Florida is Co-Founder and Editor at Large at The Atlantic Cities. He's also a Senior Editor at The Atlantic, Director of the Martin Prosperity Institute at the University of Toronto's Rotman School of Management, and Global Research Professor at New York University. He is a frequent speaker to communities, business and professional organizations, and founder of the Creative Class Group, whose current client list can be found here. All posts »

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