Most of America's metropolitan regions saw economic improvement last year, according to government figures released today. Some, however, posted only slight gains, with others at a slower pace than two years earlier.
The Commerce Department's Bureau of Economic Analysis said 305 of the country's 381 Metropolitan Statistical Areas (MSA) grew, with the ten largest metro areas showing an average increase of 2.5 percent in 2012, compared to a 1.7 percent rise in GDP in 2011.
The fastest growing large MSA last year was San Francisco, at 7.4 percent, followed by Houston, 5.3 percent, and Dallas-Ft. Worth at 4.3 percent. However, the nation's largest MSA -- New York City and Northern New Jersey, along with Long Island and the northeast corner of Pennsylvania -- saw growth of just 1.4 percent last year, down from a 3.6 percent boost in 2010.
Other major regions saw only minor changes, indicating their economies were still struggling -- the Philadelphia MSA, for example, grew by 1.5 percent, up marginally from 1.2 percent some two years earlier, and Chicago, which posted a rise of 2.4 percent, compared to 2.1 percent in 2010.
For a complete list of all the regions, with total output figures as well as percentage changes, go to: http://www.bea.gov/newsreleases/regional/gdp_metro/2013/pdf/gdp_metro0913.pdf
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