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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: i-node who wrote (835822)2/11/2015 2:04:56 AM
From: tejek  Read Replies (4) | Respond to of 1576297
 
Dave, you need to take a break. You have this imaginary track running thru your head that validates all your ideological idiocies. Unfortunately, its not plugged into reality.

Is the New Orleans economy recovering faster than other parts of the country?



By Jennifer Larino, NOLA.com | The Times-Picayune


New Orleans has bounced back from the economic recession stronger and more quickly than most of the country, according to a new WalletHub report. The personal finance website ranked New Orleans 15th on its list of cities that have recovered the most since the recession, and first for the largest increase in median home prices, one of the factors tracked in the report. WalletHub compared 150 of the most populous U.S. cities to identify areas that have seen the most and least growth since the economic downturn.

The survey considered more than a dozen factors, including home price appreciation, population growth, the number of new businesses and the unemployment rate.

Laredo, Texas, topped the list as the most recession-recovered U.S. city, followed by Irving, Texas, and Fayetteville, N.C. Six of the cities ranked in the top 10 are in Texas.

Other Louisiana cities on the list included Baton Rouge, ranked 25th, and Shreveport, ranked 67th.

Read the full ranking.

Here is how New Orleans fared:
  • 1st in median home price appreciation. The median selling price for a home in Orleans Parish bottomed out at $130,000 in February 2009, according to New Orleans Metropolitan Association of Realtors data. That more than doubled, to $267,000, by June 2014. NOLA.com | The Times-Picayune wrote about area home price trends earlier this year.
  • 1st for the largest decrease in the rate of uninsured people. The number of residents without health insurance dropped by 1.5 percent from 2010 to 2012, according to the most recent U.S. Census figures. Around 17 percent of the city's residents are uninsured. NOLA.com | The Times-Picayune reported on a statewide decrease in uninsured residents last year.
  • 4th in population growth rate increase. The city's population dropped by more than half to 198,893 the year after Hurricane Katrina. U.S. Census data show the city's population stood at 369,250 in 2012, as residents returned and New Orleans attracted a growing population of young professionals.
  • 6th in new business growth. There were 501 business startups per 100,000 adults from 2009 to 2012, a rate more than 56 percent the national rate, according to the Greater New Orleans Community Data Center's most recent New Orleans Index. NOLA.com | The Times-Picayune detailed the findings of the New Orleans Index report last August.
The WalletHub report was based on data from the U.S. Census Bureau, the U.S. Burea of Labor Statistics, the U.S. Courts, the U.S. Bureau of Economic Analysis, the FBI, Zillow Real Estate Research, Experian, PBS NewsHour and WalletHub Research.

nola.com