By G. Scott Thomas - Houston Business Journal
Four Texas markets will be among the first in the nation to recover from the recession says a nationwide forecast by IHS Global Insight. The following are 50 major markets grouped by the predicted year in which each area will return to pre-recession job levels.
Austin and San Antonio will lead the way bouncing back to their pre-recession job levels sometime next year according to the Lexington Mass.-based economic forecasting firm while Houston and Dallas-Fort Worth are among eight other metropolitan areas predicted to recover by 2011.
IHS Global Insight says that most metros will start adding employment next year but the increases are likely to be tepid. Solid gains will not return for the majority of the country until 2011" it says.
At the bottom of the scale are five Northeastern and Midwestern industrial markets that are expected to remain in the doldrums for several years. IHS Global Insight predicts that Cleveland Detroit Hartford Milwaukee and Providence wont wipe out the remnants of the recession until sometime after 2015.
2010
2011
- Houston
- Dallas-Fort Worth
- Kansas City
- Oklahoma City
- Raleigh
- Salt Lake City
- Virginia Beach-Norfolk
- Washington
2012
- Atlanta
- Baltimore
- Boston
- Charlotte
- Columbus
- Denver
- Indianapolis
- Jacksonville
- Memphis
- Nashville
- New Orleans
- New York City
- Orlando
- Philadelphia
- Richmond
- San Diego
- San Francisco-Oakland
- San Jose
- Seattle
2013
- Birmingham
- Las Vegas
- Louisville
- Miami-Fort Lauderdale
- Minneapolis-St. Paul
- Pittsburgh
- Portland Ore.
- Riverside-San Bernardino Calif.
- Sacramento
- Tampa-St. Petersburg
2014
- Buffalo
- Chicago
- Cincinnati
- Los Angeles
- Phoenix
- St. Louis
After 2015
- Cleveland
- Detroit
- Hartford
- Milwaukee
- Providence
