economic_indicators

 

 

 

 

 

 

The Memphis metro economy continues to languish in its recovery from the Great Recession.  The U.S. Conference of Mayors predicts that it will be the first quarter of 2018 before it returns to the pre-Recession peak.

Jobs growth and the Gross Domestic Product seriously lag, suggesting that it would be a logical time for a radical rethinking of our economic development theories and strategies.

Return to Pre-Recession Peak Employment (MSA):

2010Q4 – Austin
2012Q1 – Nashville
2012Q1 – Oklahoma City
2012Q3 – Salt Lake City
2012Q4 – Baltimore
2013Q4 – Charlotte
2013Q4 – Richmond
2014Q2 – Atlanta
2014Q2 – Knoxville
2014Q2 – Kansas City
2014Q3 – Miami
2014Q4 – Cincinnati
2014Q4 – Jackson, MS
2014Q4 – Jackson TN
2014Q4 – Tulsa
2015Q2 – Little Rock
2015Q2 – Jacksonville
2015Q2 – Portland, OR
2015Q2 – Tampa
2015Q4 – Chicago
2016Q2 – Las Vegas
2016Q4 – Chattanooga
2018Q1 – Memphis
2017Q1 – Milwaukee
2018Q1 – Albuquerque
2018Q1 – Detroit
2018Q1 – St. Louis
2018Q2 – Cleveland

 

Jobs Growth for U.S. Metro Areas (2016-2015)

#1 – Coral Gables-Fort Myers (3.6%)
#6  – Tampa/St. Pete (3.1%)
#6 – Austin (3.1%)
#14 – Atlanta (3.0%)
#14 – Las Vegas (3.0%)
#21 – Portland (2.8%)
#24 – Nashville (2.7%)
#27 – Charlotte (2.7%)
#33 – Dallas (2.6%)
#39 – Raleigh (2.5%)
#39 – Salt Lake City (2.5%)
#45 – Miami (2.4%)
#45 – Denver (2.4%)
#60 – Richmond (2.3%)
#60 – Jonesboro, AR (2.3%)
#73 – Clarksville, TN (2.2%)
#78 – Indianapolis (2.1%)
#78 – Louisville(2.1%)
#88 – Baltimore (1.9%)
#88 – Jackson, TN (1.9%)
#121 – Little Rock (1.7%)
#143 – Cincinnati (1.5%)
#151 – Knoxville (1.4%)
#169 – Minneapolis (1.3%)
#169 – Oklahoma City (1.3%)
#169 – Kansas City (1.3%)
#169 – Memphis (1.3%)
#169 – Chattanooga (1.3%)
#186 – Jackson, MS (1.2%)
#189 – Birmingham (1.2%)
#215 – St. Louis (1.0%)
#215 – New Orleans (1.0%)
#232 – Milwaukee (0.9%)
#251 – Detroit (0.8%)
#253 – Pittsburgh (0.7%
#274 – Tulsa (0.6%)

 

Growth of Gross Metropolitan Product of U.S. Metro Areas

#3 – Austin (4.4%)
#7 – Raleigh (4.2%)
#18 – Charlotte (3.7%)
#28 – Miami (3.6%)
#33 – Dallas (3.5%)
#33 – Atlanta (3.5%)
#43 – Little Rock (3.4%)
#47 – Salt Lake City (3.3%)
#47 – Nashville (3.3%)
#47 – Jacksonville (3.3%)
#79 – Indianapolis (3.0%)
#97 – Louisville (2.9%)
#105 – Richmond (2.8%)
#119 – Cincinnati (2.7%)
#119 – Baltimore (2.7%)
#139 – Kansas City (2.5%)
#139 – Jackson TN (2.5%)
#176 – Chattanooga (2.3%)
#176 – Memphis (2.3%)
#176 – Knoxville (2.3%)
#203 – Birmingham (2.1%)
#203 – Cleveland (2.1%)
#203 – St. Louis (2.1%)
#235 – Detroit (1.9%)
#235 – Pittsburgh (1.9%)
#300 – Oklahoma City (1.4%)
#306 – New Orleans (1.3%)
#338 – Tulsa (0.9%)