However, there are signs of hope, with major local investors working to bring life back to the city, as detailed by Business Insider's Rich Feloni in 2018. The city and its auto-heavy manufacturing sector were hit hard by the Great Recession, and it's recovered more slowly than many other urban areas. Read more about our methods and data sources here.ĭetroit, which just hosted the second round of presidential debates for the Democratic party, had the weakest economy among the 30 biggest US metro areas, according to our metrics. s.-based firms with a board of u directors that is half female, believes that D&i provides a strong competitive advantage and that diversity drives innovation. We combined those measures together to get an overall sense of economic health in the metro areas. officer and senior vice President global business services.
It often indicates a user profile.Īmerica's big cities have an outsized role in the country's economic engine, but some urban areas are struggling when compared to their peers.īusiness Insider looked at five measures of labor market and overall economic health for the 30 metropolitan areas with the largest populations: the unemployment rate, job-growth rate, per capita GDP, GDP growth, and average weekly wages. Account icon An icon in the shape of a person's head and shoulders. The study sets up a three-dimensional analysis framework with infrastructure (economy), fluidity (openness), and reputation (influence) for the basic dimensions.
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