All of America's 5-largest metro areas have seen GDP growth decelerate over the last four years, especially in the major California metros of San Francisco & Los Angeles. Washington DC saw the slowest deceleration, with Chicago's growth falling to the lowest level overall. - ThreadSky

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josephpolitano.bsky.social • 79 days ago

All of America's 5-largest metro areas have seen GDP growth decelerate over the last four years, especially in the major California metros of San Francisco & Los Angeles. Washington DC saw the slowest deceleration, with Chicago's growth falling to the lowest level overall.

Comments

compasshousing.bsky.social•79 days ago

Wait, so these metro areas have lost economic strength? They are losing jobs, people are moving out? OH you said their GROWTH was slower. Growth. So, they are making more money.

thegrtnecessity.bsky.social•79 days ago

Government Cheese 🧀 reduces volatility!

traceyryniec.bsky.social•79 days ago

California cities is pretty shocking. Los Angeles has gotten hit hard by the changes in Hollywood. Might never get those jobs back.

jgarosi.bsky.social•78 days ago

Indeed. Employment in movie production in CA (not seasonally adjusted) in Oct 24 was about the same as Oct 23, but 38% (more than 50k) below Oct 22.

absentia.bsky.social•79 days ago

Is this a COVID effect?

savemeejeebus.bsky.social•79 days ago

Certainly a population delta effect that was coupled with COVID (SF and LA populations dropped during COVID so if per capita GDP was the same their GDPs would have dropped too)