Report: Western states edging toward recovery
Friday, December 16, 2011
LAS VEGAS (AP) — The West is recovering faster than the nation as a whole, but employment across the region remained far below pre-recession levels and the housing market showed few signs of improvement, according to an economic report released Thursday.
The report prepared by Brookings Mountain West researchers at the University of Nevada, Las Vegas focused on economic growth in 10 metropolitan areas spread across Nevada, Arizona, New Mexico, Utah, Colorado and Idaho.
Overall, the region saw a modest 0.3 percent growth in employment in the quarter ending in September, compared to the national rate of 0.1 percent, the study found. Utah, Colorado and New Mexico — states that have built broad economic bases — struggled the least, researchers said.
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