In a report published Monday, the National Association of Counties (NACo) analyzed economic data for counties to gauge how well they’ve recovered. The analysis considered four measures: job totals, unemployment rates, economic output (GDP) and median home prices. Overall, the findings depicted an uneven recovery.
Only 65 counties (out of more than 3,000 nationally) have seen all four economic measures fully recover from pre-recession peaks. Nearly three-quarters of counties remain below their pre-recession employment levels, while economic output hasn’t recovered in 45 percent of counties.
“Average is over”, indeed.