22 Cities in Danger of a Double-Dip Recession
The chance of a national double-dip recession is hotly debated amid an increasing number of signs that the economic recovery is losing pace, but the risk is particularly troublesome on a local level.
A new report from Moody’s Economy.com singled out 22 cities that are at risk of slipping back into a recession in as early as three months. To come to this conclusion, the economists considered dwindling progress in employment, housing starts, home prices and industrial production. (See the map above for the full list.)
[See U.S. Cities With the Strongest Job Markets]
The at-risk cities are spread across the country, though more than half of the cities are in the South, and five are concentrated in the Midwest.
“With chances of a national double-dip recession now estimated at about one in four, several metro areas will probably experience their own downturns in the first half of 2011,” said economist Andrew Gledhill, author of the report.
Private sector hiring has been tapering off in recent months compared to the start of the year, triggering Moody’s to boost its forecast for a national double-dip from a 20% chance to 25% chance.
What’s a double dip? No one really knows.
In the 22 identified metro areas, Gledhill said private sector hiring is particularly sluggish, increasing the chances of a slowdown.
Without a substantial pick-up in hiring, Gledhill said the number of cities in danger of a double-dip recession could grow, possibly reaching the triple-digits.
“There was a time when all 384 metro areas were in a recession. We probably won’t get to that point again, but given the growing risk of another national recession, we’re on the lookout for more metro areas that will be weakening substantially on several levels over the next six months to a year,” Gledhill said.
He added that a handful of metro areas, particularly those that are industrial economies, are also suffering from a recent falloff in manufacturing.
Love magazines? Read ours on your tablet. Download now
![[Valid RSS]](valid-rss-rogers.png "Validate my RSS feed")
This post is very interesting!…
[..]Look at this great blog, Here’s the link [..]…
This post is very interesting!…
[..]I saw this fantastic article, and i wanted to link to it. [..]…
This post is very interesting!…
[..]Look at this good article, and i wanted to link to it. [..]…
This post is very interesting!…
[..]Check out this fantastic article, and i wanted to link to it. [..]…
This post is very interesting!…
[..]Today I saw this really fantastic article, and i wanted to link to it. [..]…
This post is very interesting!…
[..]Look at this good article, You can find it here [..]…
This post is very interesting!…
[..]Look at this great blog, Here’s the link [..]…
This post is very interesting!…
[..]Look at this good blog, That’s the link! [..]…
This post is very interesting!…
[..]Look at this good article, That’s the link! [..]…
Jamaal Nanke…
But wanna remark that you have a very decent internet site , I love the style and design it really stands out….
Websites you should visit…
[...]below you’ll find the website link to some web sites that we believe you’ll want to visit[...]……
Ashleigh Catrini…
I just could not go away your site prior to suggesting that I extremely enjoyed the usual information a person supply in your visitors? Is gonna be again steadily to inspect new posts…
The recommendations you have given here are incredibly valuable. It was such a fun surprise to get that awaiting me after i woke up today. They are often to the point plus easy to learn. Thank you so much for the thoughtful ideas you’ve shared here.
Google Search…
[...]Every after in a whilst we opt for blogs that we read. Listed beneath are the newest internet sites that we opt for [...]…
שלום , אני לא בטוח שהתגובה שלי בקטגורייה מתאימה , אני ואישתי מחקים ללידה רציתי לשמוע מכל מי שמכיר תגובה לחברה המספקת מוצרי תינוקות במחירים טובים .
{Thanks alot for your|Interesting|Good|Great} blog post……
[...]Should you be constantly feeding on these foods, transitioning to whole grains and other complex carbohydrates will assist you to have more energy while taking in less[...]……