Recovery will be a long slog for Asheville

IHS Global Insight forecast for Asheville

A leading economic forecaster predicts Asheville will be one of the slowest metropolitan areas in the country to return to pre-recession employment — putting Western North Carolina in the same boat as Rust Belt towns such as Flint and Detroit, Mich.

IHS Global Insight estimates Asheville won’t recover fully until the third quarter of 2014.

Most of the country — 286 of 325 metro areas covered in the IHS analysis_ aren’t likely to regain their pre-recession employment levels until at least 2012. Of these areas, 112 probably won’t return to their recent peaks until 2014 or later. These include Rust Belt towns such as Cleveland, Dayton and Akron, Ohio; Detroit, Warren and Flint, Mich.; the hurricane-ravaged Gulfport-Biloxi, Miss., area and the greater Los Angeles region, where the housing bubble and high unemployment have strangled the local economy…..

via naked capitalism: Prospects for Employment Recovery: Less Than Cheery?.

The Sacramento Bee’s website has a good interactive graphic detailing the IHS data. You can find it here.

Stay on top of jobs in Western North Carolina at Iwanna’s new online Business & Agriculture section.


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