Brookings Institution Finds Economic Recovery in Metro Areas to be Sluggish and Uneven

The Brookings Institution released its July Metro Monitor, in which the organization inspects key economic indicators from each of America’s 100 largest metropolitan areas in order to assess the national recovery.  The findings point towards a sluggish recovery.  Since the fourth quarter of the previous year, employment among the U.S.’s most populated regions rose 0.5%, unemployment fell 0.3%, GDP grew 0.6%, and housing prices decreased 2.1%.  Brookings points out diminishing GDP growth and meager job numbers as the most troubling indicators. 

Texas metro areas, due to a booming natural gas sector, experienced a more mild recession, and have thus pulled out of the downturn better than most regions.  High-tech metro areas such as Boston, Raleigh, San Jose, and Seattle have benefited from stabilization in housing prices, while on the other hand the majority of metro areas in the west have performed poorly.

Minorities Now Account for The Majority of Births in the U.S.

This past Thursday, the Census Bureau announced that white births now account for less than half of all births in the United States.  For the first time, minorities account for the majority of births (50.4%).  Dr. William H. Frey, SSDAN Director and senior demographer at the Brookings Institution, explained, “This is an important tipping point.”  He described the trend as a “transformation from a mostly white baby boomer culture to the more globalized multiethnic country that we are becoming.  Sabrina Tavernise of The New York Times writes that Hispanics, blacks, and Asians accounted for 26%, 15%, and 4% respectively of births in the year ending in July 2011.  Still, though, whites represent 49.6% of all births – the single largest share of any ethnicity.  Dr. Frey also discovered another interesting fact: minorities accounted for a whopping 92 percent of all population growth in the decade ending in 2010.  You can read the full New York Times article here, which goes more into detail on historical implications and on what else may have contributed to this fascinating trend.