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NewsTalk

Welcome to the archives for NewsTalk, an IBJ blog published from November 2007 through December 2010.

Recession / Unemployment / Economic Recovery

Forecast: Indy to recover in 2012

September 3, 2009
IHS Global Insight this week predicted the Indianapolis metro area will not recover jobs lost in the recession until 2012.

The recession will cost the area 41,300 jobs, or 4.5 percent of total employment, it said. That percentage is about average for the 50 largest metro areas.

Things could be worse. Five cities won’t see their employment restored until “after 2015,” the research firm projected: Detroit; Cleveland; Providence, R.I.; Milwaukee and Birmingham.

What do you think? Is Global Insight too bearish on Indianapolis, a historically stable market?
 

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