Recovery, Part III: Why These 20 Cities Are Leading the New Economy

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.

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