Economic Recovery : Successful Cities and Stumbling Cities

Economic Recovery : Successful Cities and Stumbling Cities
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Economic Recovery : Successful Cities and Stumbling Cities

With low unemployment, the nation's capital -- along with its economically secure suburbs in northern Virginia -- is currently the best-situated city economically.

While unemployment remains high, stabilized household budgets and solid credit are helping Boston weather the storm.

In Minneapolis, St. Paul and Bloomington, Minn., things are looking up. Credit is slowly rising, while household budgets and housing markets are steadily improving.

Historically, Hawaii has been one of the more stable states in the union economically, and it never suffered the dire declines that some areas did during the Great Recession. Today, credit, unemployment and housing in Honolulu have all returned to reasonably healthy levels.

Late in 2011, household budgets in Dallas made a sharp turnaround. Paired with a solid credit rating and a slowly improving housing level, things there are looking bright.

Houston's unemployment, housing, and net worth have all turned the corner recently, and its credit rating is slowly improving, suggesting that Texas' biggest city may have a bright future.

Several of Denver's economic indicators -- including net worth, credit and employment -- are trending slightly downward, but a strong improvement in household budgets and a slight improvement in housing both suggest that things may be looking good for the Mile-High City.

Despite taking a slight downward turn, New York's credit levels remain among the highest in the country, and its household budgets are steadily rising. On the other hand, stagnation in its net worth and housing levels, paired with rising unemployment, suggest that the future may be a little shaky for the city that never sleeps.

While its ratings aren't quite as impressive as those of other top 10 cities, almost all of them have been slowly going up in the last few months. In other words, don't let it's relatively low rating confuse you: Pittsburgh's future could be promising.

Another metropolitan area whose statistics don't tell the whole story, Kansas City's relatively low rating disguises the fact that "Paris of the Plains" is climbing out of the hole that the Great Recession plunged it into.

In many ways, Philadelphia's position is slowly improving. Unfortunately, however, Pennsylvania's largest city has a deep hole to crawl out of.

A slightly improved housing situation is the sole shining light in Chicago's economic indicators. As for the rest, they are all trending downward.

With an aggregate economic score that is almost 10 points behind frontrunner Washington D.C., St. Louis is struggling to improve its post-recession circumstances.

Several of Cleveland's indicators are trending slightly upward, and its household budgets are undergoing a sharp rise. Unfortunately, with relatively low scores across the board and a falling employment rate, it looks like a tough haul lies ahead.

While its credit, employment and net worth levels are slightly down, San Diego is doing relatively well. Unfortunately, like much of California, it was particularly hard hit by the recession and faces a difficult path back to economic stability.

With the worst employment score of any major city, Los Angeles' continues to reel from the recession.

While its credit and household budget indicators look promising, Atlanta's housing and employment remain at crisis levels.

With employment and housing sharply improving, the future should be bright for Miami. However, those rates remain among the worst of any metropolitan area in the country.

Detroit was struggling before the recession, and continued crisis-level unemployment and housing suggest that the struggle is far from over.

Unemployment is slowly trending upward in Tampa, but housing continues to head south -- it has the second-worst score of any major city.