Orlando is among the 20 weakest-performing metropolitian areas, nationwide, according to data released by Brookings on Friday.
The think tank combined data on every major U.S. cities’ changes in level of employment, unemployment rate, economic output or gross metropolitan product and an index of housing prices, to determine the 20 poorest performing metropolitian areas.
Other Florida metro areas on the list of most miserable cities in America are: Lakeland, Miami, Cape Coral, North Port, Palm Bay and Tampa. Most of the metropolitian areas with the poorest performance are those which experienced a housing price boom, followed by a market collapse, as in Florida and California, the data show.
Natiowide, the most recent national economic data suggests a “stalled economic recovery,” with the economy adding no new jobs in August.
