Less than 10 percent of US metropolitan areas have seen the job market recover to pre-recession levels, and nearly one quarter of these urban areas will not see such a recovery for at least five years, according to a report released Wednesday by the US Conference of Mayors.
Those areas facing the most protracted recovery (or, more likely, a renewed downward plunge) include most of the metropolitan areas in California, Arizona, Nevada and Florida, the centers of the housing market collapse, and the industrial states of Michigan and Ohio.
Among the biggest metropolitan areas, Atlanta showed the poorest recovery, regaining only 19.5 percent of the jobs lost since the 2008 financial crash, with Detroit second worst at 20.4 percent. This was followed by Los Angeles at 20.7 percent and the San Francisco Bay Area at 26.7 percent.
Phoenix recovered 29.1 percent of the jobs lost since 2008, Chicago 29.7 percent, Miami 30.7 percent, Philadelphia 40.8 percent, Seattle 49.3 percent, New York City and Minneapolis-St. Paul 54.2 percent each, and Boston 92.1 percent. Dallas, Houston and Washington DC were the only metropolitan areas among the 15 largest to report employment higher today than in 2008.