Document Type

Newsletter

Publication Date

3-2012

Publisher

Brookings Mountain West

Abstract

Recovery was firmly underway in the Intermountain West by the fourth quarter of 2011 but its pace varied considerably across the region’s 10 major metropolitan areas. Six of the 10 metros saw job growth in the fourth quarter but only four saw it accelerate over the previous one. Output grew everywhere but only in half of the region’s metros did the pace of growth quicken. The unemployment rate was down across the board from one year earlier. House prices in most markets stabilized. Yet signs of a robust, sustained, and self-fueling recovery remained elusive.

National economic indicators from early 2012 may suggest that the economic recovery—though still very slow—is picking up speed, but the economic data for the country’s metropolitan areas now available through the fourth quarter of 2011 paint a somewhat more complicated picture.

Keywords

Economic development; Job creation; Recessions; Southwest; New

Disciplines

Business | Demography, Population, and Ecology | Economics | Growth and Development | Public Affairs, Public Policy and Public Administration | Real Estate | Work, Economy and Organizations

Language

English