The Brookings Institution, as reported by The Huffington Post, recently came out with its list of cities across the United States that have either weathered or rebounded the strongest from the Great Recession.
Texas fared well in the numbers, which reflected employment, unemployment, housing prices, and the cities’ Gross Metropolitan Products during the past three years.
The study compared the 100 largest metro areas in the country, and Texas placed five cities among the Top 11. Austin capped the list, with Dallas ranking No. 10. Other Texas cities included McAllen at 11, El Paso at 5, San Antonio at 2.
Dallas employment during the three-year span dipped 4.5 percent — thank you very much — and unemployment rose 4.2 percent, so, hmm, apparently not everyone who lost a job filed with the Texas Workforce Commission. OK, that’s not entirely true because there are other extenuating circumstances, but it might be reflective of Dallas’ “can-do” attitude. [hahahahahahaha, oh, snort]
The Gross Metropolitan Product, goods and services produced and factored against some economic equation, rose by 1.8 percent, while the Housing Price Index fell off by 4.7 percent, and tell me about it — anyone want to buy a 4/2.5/2, 2-story, w/pool house in Lakewood?
According to The Huffington Post, “Dallas is still struggling to recover with an unemployment rate of 8.3 percent, but has seen positive job growth for the last two quarters,” so it just doesn’t suck here quite as bad as elsewhere.
By comparison, Austin employment dropped 2.3 percent, its unemployment rose 3.6 percent, the GMP went up 5.3 percent, and the housing index increased .9 percent.
Yeah, well, they gotta deal with all those politicians.
Bruce Felps owns and operates East Dallas Times, an online community news outlet serving the White Rock Lake area. He fails to see what is so great about a recession.