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May 1, 2008
Salt Lake City Recession-Proof Says Forbes
I get nervous when this kind of language is used, but I can attest that the state economy is strong and has been for some time:
Salt Lake City finds itself among the nation's most recession-proof cities, according to Forbes.com, the magazine's Web site.
The Utah capital comes in at No. 9. Oklahoma City is No. 1.
While cities across the country are facing tough times because of declining home prices, rising unemployment and contracting economies, Oklahoma City's trend has been the opposite, Forbes.com said.
Among the top 50 metro areas, Oklahoma City has seen falling unemployment, solid growth in the energy, agriculture and manufacturing sectors and possesses one of the strongest housing markets in the country, Forbes.com noted in its "America's Recession-Proof Cities" article.
San Antonio was ranked second on the list. Also in the top 10: Austin, Houston and Dallas, Texas; Raleigh and Charlotte, N.C.; San Jose, Calif.; Salt Lake City and Seattle.
Posted by Jonathan at May 1, 2008 7:19 PM
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