published Thursday, September 26th, 2013

Chattanooga rebounds from recession lows

  • photo
    An aerial view of AT&T field and Downtown Chattanooga looking East.
    Staff photo by Dan Henry/Chattanooga Times Free Press

Since its trough at the depths of the Great Recession in 2009, economic output in metropolitan Chattanooga has rebounded 9.8 percent, according to a Brookings Institution study released Wednesday.

Brookings said Chattanooga's growth pace since the recession ended ranks among the top third of America's biggest cities. But unemployment has remained above the U.S. average in Chattanooga because of an influx of workers into the region.

Brookings said employment in Chattanooga has grown by 5.5 percent since the low point for employment during the recent recession in the fall of 2009. But Chattanooga's jobless rate was down only 1.9 percent from its peak, which ranked among the bottom 40 percent of U.S. cities.

The biggest employment gains in Chattanooga have come in health services, education and hospitality jobs. In the past year, Chattanooga employment is still down in mining, government, business services and construction.

Brookings said Chattanooga home prices are up 1.3 percent in the past year.

about Dave Flessner...

Dave Flessner is the business editor for the Times Free Press. A journalist for 35 years, Dave has been business editor and projects editor for the Chattanooga Times Free Press, city editor for The Chattanooga Times, business and county reporter for the Chattanooga Times, correspondent for the Lansing State Journal and Ingham County News in Michigan, staff writer for the Hastings Daily Tribune in Nebraska, and news director for WCBN-FM in Michigan. Dave, a native ...

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