Cities That Never Boomed Are Doing Better in the Bust

flickr
Rebecca Greenfield 341 Views Sep 26, 2011

Economic recovery is going so poorly that the Rust Belt represents a beacon of hope, reports The New York Times. "In New York, areas around long-struggling  upstate cities like Buffalo and Rochester are recovering faster by some measures than the New York City metropolitan area," writes Michael Cooper. "And the rate of recovery in Rust Belt areas around Youngstown and Akron, two Ohio cities that were hit hard, has outpaced that of former boomtowns like Colorado Springs and Tucson." Before the real estate bubble burst, the Sun Belt prospered while blue collar towns died slow depressing deaths. Things have changed, continues Cooper: "The once-booming South, which entered the recession with the lowest unemployment rate in the nation, is now struggling with some of the highest rates, recent data from the Bureau of Labor Statistics show." And the rest of the country is slumping, too. While it might seem hopeful that Rust Belt cities are "recovering faster by some measures," these cities never had booms from which to bust. If Manhattan looks bad compared to Buffalo, things really, really bad. 

 

Want to add to this story? Let us know in comments or send an email to the author at rgreenfield at theatlantic dot com. You can share ideas for stories on the Open Wire.

Sources

Related Articles   More by Rebecca Greenfield

S&P Reiterates U.S. Credit Warning

Striking Funeral Workers Halt Burials in Sao Paulo

What Productivity Gains Really Look Like

 

3 Fun & Easy Tips for Spending Your 2013 Memorial Day BBQ... with Cicadas

iPhone's New iOS7 Design Is Flat as Hell and You Can't Stand the Wait Anymore

Elsewhere on the Web

User Comments

Please type your comment and click Post. If you’re not already logged in you will be prompted to log in or register

  • The Atlantic Wire on Twitter
  • The Atlantic Wire RSS Feed
  • The Atlantic Wire iPhone App