In most states the recovery has so far not taken hold in the largest metro areas. In New York, for example, the three areas in the recovery category are Buffalo-Niagara Falls, Ithaca and Utica-Rome. In Tennessee, the only two are Clarksville and Cleveland. Five metro areas are in recovery in North Carolina, but not Charlotte ....
"Recovery" doesn't mean that an area's economy is above where it was at the beginning of the recession, just that the area has begun to dig its way out of the hole.
No metro area yet is shown in "expan-sion," the most positive category; that label is triggered when a metro area's economy grows past its previous peak. Most of the recovering areas are far from that level.
Tuesday, December 29, 2009
According to MSNBC, Tennessee still languishes in recession with only two Metro areas "in recovery", and even there, conditions are not great: