US | Do metros drive the US economy? Metro and state growth, 2010-19

Although the 382 metropolitan statistics areas (metros) in the US take up less than 30% of the nation’s land area, they account for close to 90% of jobs, output, and population, and for 19 in every 20 new net jobs created over the last decade. So metros drive the economy, right? Or is it not so simple?

What you will learn:

  • Metros' contribution to jobs may have risen, but their contribution to US GDP has fallen.
  • And yet in 30 out of 50 states, the largest metro grew faster in GDP terms than the state. So many large metros have done well, others less so.
  • But in 2020, metros have probably been more resilient than no-metros. And we forecast they too better, going forward, too.

Topics: United States, Cities, US economy, North America, Metros, States, Growth

Do metros drive the US economy - iPad