Kansas City Near Top Among U.S. Cities Hardest Hit By The Recession

A report highlighted on Huffington Post showed KC ranked #8 among "The U.S. Cities Hit Hardest By The Recession". The full report based on a study by the Brookings Institute and the London School of Economics focused on two key indicators -- employment gains and income growth -- of a cities health or resilience during the recession.

The global financial crisis of the late 2000s precipitated an economic downturn of such magnitude and reach that many now refer to the period as the “Great Recession.” According to the International Monetary Fund, global economic output, which had grown at an annual rate of 3.2 percent from 1993 to 2007, actually shrank by 2 percent from 2008 to 2009. A precarious economic recovery is now underway.
Kansas City's employment rate dropped 2.8% during the 2007-2009 recession and another 2.8% during the 2009-2010 period the authors describe as "recovery". The chart shows Kansas City ranked among cities around the world, but #8 among cities in the U.S.

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