Monday, June 14, 2010

Daily Ranking: 2nd best in the Great Lakes

2nd best grouping that is.   Brookings has a report just out: Tracking Economic Recession and Recovery in the 21 Largest Metropolitan Areas of the Great Lakes Region. Pittsburgh is in the group of metros performing well, but not the best, through this recession. 

The Brookings Great Lakes Economic Initiative (GLEI) is a relatively new thing.  Not new new and dates from 2005.  But there was an active Great Lakes Economic Development (GLED) association of researchers founded in 1987.  One of the last of GLED's annual conferences was even in Pittsburgh in 2001 I think it was.  One of the reasons GLED lost steam was that the similarities in the experiences of Great Lakes metros were diverging by the end of the 1990's and it became harder to talk about the Great Lakes region collectively.  Obviously some folks think it makes sense to continue to address some issues across such a broad area.  I think that's right, but it still is a different construct than the mid 1980's which was a time that Great Lakes was much more a synonym for Rust Belt and the problems across Great Lakes regions were more correlated and ubiquitous.  What's interesting these days may be as much what is different between those regions as much as what is the same.

You know.. I probably could generate a ranking a day if I tried.  It would be impressive if we could do it all from 3rd party sources. 


Blogger Jim Russell said...

The last map in the report, "Most Severe Recession since 1981 in the 21 Largest Great Lakes Metropolitan Areas", is interesting. ALL the cities west of Youngstown are dealing with their worst recession in almost 30 years. Brookings must have that same map for the entire country. I'd like to know which cities (like Pittsburgh) are experiencing a relatively mild recession this time around.

Monday, June 14, 2010 7:05:00 PM  
Anonymous BrianTH said...

Pittsburgh's reported decline in GMP is way out of line with its reported decline in employment. And just scanning the list (meaning without crunching any numbers), overall there appears to be the sort of correlation between these two variables you would expect. Interestingly, Buffalo, Rochester, and Syracuse form a bit of a out-of-whack cluster with Pittsburgh (meaning all have much higher declines in GMP than you would expect given their relatively modest employment declines).

So I wonder what that is all about.

Tuesday, June 15, 2010 12:09:00 AM  
Blogger C. Briem said...

I not so sure it is that inexplicable. GMP (aka GDP) is still a very manufacturing biased metric and Pittsburgh's manfacturing base has been declining quite precipitously despite stability or growth in other sectors.

Tuesday, June 15, 2010 12:19:00 AM  
Anonymous BrianTH said...

Yeah, unexplained by me obviously doesn't mean inexplicable. I was unaware that GMP was biased toward manufacturing, and that does seem like a plausible explanation. Which in turn makes me wonder if our upstate NY fellows have had a similarly disproportionate loss of manufacturing.

Tuesday, June 15, 2010 12:41:00 AM  

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