KRWG.ORG-The Region's Home Page
Thu December 15, 2011
Report: The West Is Recovering
By KRWG News
New Mexico – A new report says unemployment is down across six Western states and the region's housing market is no longer in a free fall in the latest signs that the West's economy is recovering.
The report released Thursday was prepared by Brookings Mountain West researchers at the University of Nevada, Las Vegas. It focused on 10 metropolitan areas spread across Nevada, Arizona, New Mexico, Utah, Colorado and Idaho.
The report says the region's housing market seems to have hit bottom.
Leading the recovery were Ogden, Utah; Albuquerque, N.M.; Provo, Utah; and Phoenix.
Boise, Idaho, and Las Vegas showed some signs of recovery, while Tucson, Ariz., and Colorado Springs, Colo., continued to struggle.
Overall, the region saw a modest 0.3 percent growth in employment this fall, compared with the national rate of 0.1 percent.
Copyright 2011 The Associated Press.