Document Type

Newsletter

Publication Date

12-2013

Publisher

Brookings Mountain West

First page number:

1

Last page number:

5

Abstract

The quarter’s Mountain Monitor marks the four-year anniversary of Brookings Mountain West's quarterly tracking of the uneven pace of recovery across the major metro areas of the Intermountain West and it finds that, although the region continues to outperform the national economy the rate of recovery slowed moderately in the region’s metro areas.

As a group, Mountain region metro areas advanced on all four indicators of economic recovery tracked by the Monitor—employment, output, unemployment, and house prices—but their progress was more restrained in the third quarter of 2013 than it was in the second.

Beneath the regional headline of moderating growth, however, a number of noteworthy developments from individual metro areas stand out.

In sum, the region appeared to remain split at the close of the third quarter between those metro areas where the legacy of the Great Recession is fading steadily, such as Denver, Las Vegas, and Salt Lake City, and places such as Albuquerque, Colorado Springs, and Tucson that were still struggling to regain their footing after a brutal once-in-a-generation economic shock.

Keywords

Economic development; Housing – Prices; Metropolitan areas – Economic aspects; Recessions; Southwest (U.S); Unemployment

Disciplines

Economic Theory | Growth and Development | Health Economics | Public Affairs, Public Policy and Public Administration | Real Estate | Work, Economy and Organizations

Language

English