San Antonio Economy Outperforms Nation
Posted Sunday, June 21st, 2009
SAN ANTONIO (San Antonio Express-News) – The San Antonio economy has outperformed all of the nation’s largest cities through first quarter 2009, according to a Brookings Institution report.
The city has become accustomed to being labeled a top economy. It recently ranked fifth on Forbes.com’s list of cities most likely to bounce back quickly from the recession.
San Antonio’s economy — driven by sectors such as health care and insurance — has benefited greatly from military expansions and relatively stable housing prices.
The Brookings Institution report measured changes in employment totals, unemployment rates, housing prices, the values of goods and services produced by cities, and other factors.
Other Texas cities listed as top-performing metro areas include:
- Austin (third),
- Houston (fourth),
- Dallas (fifth),
- McAllen (sixth) and
- El Paso (11th).
The above-mentioned report is from the Real Estate Center at Texas A&M.
