Wednesday, September 24, 2014

San Antonio Rebounds From Great Recession

Posted By on Wed, Sep 24, 2014 at 10:37 AM

san-fernado-cathedral-and-municipal-plaza-building-san-antoniojpg

"San Fernado Cathedral and Municipal Plaza Building, San Antonio" by Brad Holt from Ada, OK, USA - SanAntonio_SanFernadoCathedral_24Sept2009_Uploaded by xnatedawgx. Licensed under Creative Commons Attribution 2.0 via Wikimedia Commons

Do you feel less of a pinch in your wallet or purse?

According to one research group, which bills itself as a finance social network, San Antonio ranks fifth in large-sized cities that have experience rapid socio-economic growth since 2008, the year the Great Recession kicked the American economy into low gear.

Today WalletHub released a study that examined data from 2008 to 2013 and analyzed 516 U.S. cities across 10 metrics, including population growth rate and unemployment rate decrease.

Here are the study’s key San Anto findings:

  • 148th in population growth
  • 117th in income growth
  • 136th in job growth
  • 43rd in poverty rate decrease
  • 102nd in regional GDP growth
  • 116th in unemployment rate decrease
  • 130th in population growth of workers

On the overall list, the Alamo City was ranked 31 out of 516 small, medium and large American cities.

WalletHub

And all in all, Texas ranked well on WalletHub’s list, particularly the Rio Grande Valley, where gubernatorial candidate Greg Abbott compared a couple of corruption cases to corruption in third-world countries.

With that said, Mission, in Hidalgo County, landed at number one out of more than 500 cities. And Edinburg, also in Hidalgo County, took fifth in the WalletHub study.

Corruption is everywhere there is government. And in the United States, a simple Google search reveals cases ranging from the West Coast to the Midwest to the East Coast.

Maybe you only see what you look for, but we think Texas’ economy is steadily improving.

Tags: , , , , , , , , ,

Calendar

Newsletters

Never miss a beat

Sign Up Now

Subscribe now to get the latest news delivered right to your inbox.