There’s an interesting map that accompanies this article in the WSJ’s Real Time Economics blog. When you examine the economic recovery on a county-by-county basis, about half of the counties in the U. S. haven’t recovered from the recession yet:
About half of the nation’s 3,069 county economies are still short of their prerecession economic output, reflecting the uneven economic recovery, according to a new report from the National Association of Counties.
The overall U.S. economy had reached its prerecession level of gross domestic product three years ago, Commerce Department figures show.
National statistics “mask the reality on the ground,” where some county economies were in recession long before December 2007 and others never experienced one at all, said Emilia Istrate, the association’s director of research and one of the authors of the report. “That’s where Americans feel the economy. They feel it locally.”
In the Chicagoland area Cook County and McHenry County have not recovered while Lake, Kane, and Will Counties have. In Northern California Marin and Contra Costa Counties have not recovered while Alameda, San Mateo, and Santa Clara Counties have. In Florida Glades County, Hardee County, and Union County were never in recession. Osceola County, Sumter County, St. Johns County, Suwannee County, and Monroe County have recovered. Most of the rest of the state is still in recession.