Knoxville One of Three American Cities "Fully Recovered" from Great Recession

Monday, December 10, 2012

What do Pittsburgh, Dallas, and Knoxville have in common? According to our research, not much. But recent findings from the Brookings Institution show that these three cities are the only major metropolitan areas in the United States that are experiencing an economic recovery since the recession ended in 2009.

Using GDP per capita and employment figures, Brookings calculated the "overall economic performance index" of 76 American cities to determine which had officially emerged from the recession.

Knoxville, the smallest city of the three with an economy rooted in manufacturing, is again experiencing growth rates in GDP and employment levels equal to or higher than their peaks since 2007.

Knoxville's Mayor Madeline Rogero discusses the city's road to recovery.

Guests:

Mayor Madeline Rogero

Produced by:

Ellen Frankman

Comments [4]

vidéo x streming

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Mar. 06 2013 11:47 PM
Paul Tomaszewski from Dallas, TX

A minor correction. You mentioned Dallas Metro having a population of 1.2 million. That's the population of the City of Dallas not the metro area.

The Dallas-Fort Worth Metro area has a population of 4.8 million

Dec. 11 2012 12:36 PM

Take Away,

I know others have recovered by I am working full time, but my pay has been reduced by one third. I went from office to manual work at 60 years old and cannot see any sign I could retire. I work for medical and day to day living expenses for me an my kids who have moved back in. While on the roads, I see them packed with expensive cars and the shopping centers are full. I believe that there is a disparity in the recovery. I believe we will not have a full recovery in our economy. I see half of the small private businesses around and if there are neighborhood businesses they are in food and services.

Annie

Dec. 10 2012 12:21 PM
kersten locherie from Boston

I have been employed as an executive for over 30 years and am now engaged in physical work, driving for the MBTA. I was in the private sector previously but am now working in transportation for the state. I make half of what I made in the private sector. Many of my friends with Raytheon, Analogic and the telecommunications industry are out as they have made major cut backs. Like Sandy, if there was a major storm, these companies do not have enough people to handle a major emergency. My daughter lives at home with a part time job after college in a "technical area". We are living hand in mouth and not spending. However there are many of my friends from an earlier generation whom still have pensions and entitlements as benefits who are living very large and spending at malls. So I am not surprised at your report as the down economy hit people, while on the rise, not the ones who have risen and are comfortable. Ask me in another ten years, I have a meager IRA some savings and a house, but with expenses rising, have not money to go shop in malls for wants over needs.

Kersten

Dec. 10 2012 11:50 AM

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