A new report from the U.S. Conference of Mayors predicts when U.S. metros will return to pre-crisis job levels
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.