Scranton/Wilkes-Barre Last In Beating Recession

Locator map of the Scranton-Wilkes-Barre Metro...

Locator map of the Scranton-Wilkes-Barre Metropolitan Statistical Area in the northeastern part of the of . (Photo credit: Wikipedia)

In the race to climb out of recession, the Scranton/Wilkes-Barre metropolitan area is dead last among the 100 largest urban areas nationwide.

That is the finding in a recent “Metro Monitor” study by The Brookings Institution that tracked the economic performance of 100 metropolitan areas on four indicators: jobs, unemployment, output (gross product) and house prices. The analysis focused on the change of the indicators during three time periods: the recession, recovery and a combination of both.

During the recovery period, Scranton/Wilkes-Barre ranked 100, or last, trailing Little Rock, Ark., (99) and Greater Hartford, Conn. (98).

“In terms of recovery, it has been pretty slow” for Scranton/Wilkes-Barre, said Siddharth Kulkarni, a research assistant in Brooking’s Metropolitan Policy Program.

Read more: http://citizensvoice.com/news/scranton-w-b-last-in-beating-recession-1.1667766

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