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Texas predicted to lead recovery; others may wait until 2015 (Economy : Texas) 9/15/2009

Four Texas markets will be among the first in the nation to recover from the recession, says a nationwide forecast by IHS Global Insight. San Antonio and Austin will lead the way, bouncing back to their prerecession job levels sometime next year, while Houston and Dallas-Fort Worth are among eight other metropolitan areas predicted to recover by 2011.   IHS Global Insight says that most metros will start adding employment next year, but the increases are likely to be tepid. “Solid gains will not return for the majority of the country until 2011.” At the bottom of the scale are five Northeastern and Midwestern industrial markets that are expected to remain in the doldrums for several years. IHS Global Insight predicts that Cleveland, Detroit, Hartford, Milwaukee and Providence won’t wipe out the remnants of the recession until sometime after 2015. The following are 50 major markets, grouped by the predicted year in which each area will return to pre-recession job levels:   2010: Austin San Antonio   2011: Houston Dallas-Fort Worth Kansas City Oklahoma City Raleigh Salt Lake City Virginia Beach-Norfolk Washington   After 2015: Cleveland Detroit Hartford Milwaukee Providence   News Article by: [San Antonio Business Journal]