Urban Employment Won't Return to Pre-Recession Peak Until 2020, Report Says

Recovery may be a buzzword of choice for many Washington insiders, but downturn will be a reality for nearly 50 cities through at least 2020, according to a new report put out by the U.S. Conference of Mayors.

"U.S. Metro Economies," which was prepared by the IHS Global Insight information company in concert with the Conference of Mayors, expects peak pre-recession employment not to return to 48 greater metropolitan areas until 2020.