{UAH} GOOK IS STILL PREACHING HOW THIS IS AN OBAMA ECONOMY Yup it has absolutely nothing to do with Trump

For First Time in 26 Years, All U.S. Metros Enjoyed Income Gains

Alex Tanzi

BloombergJanuary 14, 2020

(Bloomberg) -- Americans in every U.S. metropolitan area experienced economic prosperity in 2018, according to a recent report from the Bureau of Economic Analysis.

For the first time in 26 years, no metro area saw per-capita incomes fall that year -- the latest available data -- and it was only the fourth time since 1970 that every U.S. urban region experienced prosperity.

Americans in fewer than 6% of metropolitan areas have experienced uninterpreted gains in personal income since 1970. In contrast, as the country began to recover from the Great Recession in 2009, residents of 84% of metro areas saw incomes decline. A large number of areas saw significant decreases in 2013 and to a lesser extent in 2016.

Metros that haven’t experienced per-capita income drops in recent years include Washington D.C. and Pittsburgh. The nation’s capital is buffered from sector-based recessions by a federal government that pulls tax revenue from a variety of sources and geographies. The Pennsylvania city, meanwhile, has emerged as a health care, education, and technology hub even as its population declines.

To contact the reporter on this story: Alex Tanzi in Washington at atanzi@bloomberg.net

To contact the editors responsible for this story: Sarah McGregor at smcgregor5@bloomberg.net, Anita Sharpe, Ana Monteiro

EM         -> { Trump for 2020 }

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