America’s most recession-proof cities
The “Keep Austin Weird” campaign must have worked, because the Texas capital is among the country’s oddball cities that bucked the downturn.
In fact, Texas cities starred on the new list of recession-proof metro areas, with six of 21 spots, according to MetroMonitor, a quarterly report released by Brookings Institute’s Metropolitan Policy Program.
These 21 large metro areas were singled out by Brookings for keeping their labor and housing markets stable and posting robust economic activity during the past few years.
In fact, all but five of the 21 leading cities have economic output levels that top records set just prior to the recession.