December 20, 2012 – Michigan’s two largest metropolitan areas – Detroit and Grand Rapids – can be found on an elite list of cities that are enjoying the best economic recoveries in the wake of the Great Recession, according to the Brookings Institution. Grand Rapids’ comeback was ranked 8th in the nation while Detroit’s recovery was ranked 9th, according to the Metro Monitor survey released this week. In the Detroit area, unemployment fell at the 2nd highest rate in the U.S., falling 5.2 percentage points since the third quarter of 2009. Detroit’s employment growth was ranked 17th overall, rising 5 percent since the third quarter of 2009. Detroit’s output growth was ranked 20th, rising 9.6 percent since the third quarter of 2009.
Link to Brookings’ Metro Monitor: http://www.brookings.edu/research/interactives/metromonitor#US-recovery-overall-nv