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2011-03-14 12:13:12
Brookings: Utah Weathered the Recession Well

Utah’s three major metropolitan areas weathered the recession well, and as a result, they are bouncing back much faster than many of their counterparts across the country.

A new study from Brookings Mountain West, which is a partnership between the Washington, D.C.-based Brookings Institution and the University of Nevada-Las Vegas, said that by the close of the fourth quarter of 2010, the metropolitan areas in the Mountain West fell into two categories.

The categories: those metropolitan areas such as Salt Lake City, Ogden and Provo/Orem that are consolidating their gains from previous quarters on the way to recovery and those that are still struggling to turn around their economies.

'Four metros — Denver, Colorado Springs, Salt Lake City and Ogden — have experienced some of the swiftest recoveries in the nation,' the report said. It further noted that six metro areas, including Ogden, Provo and Salt Lake City, beat the national job-creation rate.

 
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