Recovery, Part III: Why These 20 Cities Are Leading the New EconomyPosted: March 27, 2012
By Derek Thompson
Published: March 27, 2012
The United States was a different country at the end of 2009. The Great Recession was over. The worker’s recession had never been worse. The national unemployment rate stood at 10 percent. We hadn’t had a month of positive job creation in more than a year. Practically the only sectors adding workers were government, education and health care (a.k.a.: the feds/eds/meds) all of which were supported by the stimulus. Manufacturing had bottomed out.