About 8 million jobs have been lost to this recession—the largest decline in percent terms since the Great Depression. We’re unlikely to see any robust gains in consumer spending any time soon and the housing market continues to be in a state of oversupply.
What stands in the way of recovery? Alan Berube, senior fellow, research director of the Metropolitan Policy Program at Brookings, and co-author of the new Brookings Index, How We’re Doing: What’s Blocking the Recovery, says that fully understanding the barriers to an economic rebound in this country requires a closer examination of its regional diversity.
On Wednesday, November 18, Berube and Politico Senior Editor David Mark answered questions in a live web chat about how the nation’s large metropolitan areas—including Washington, DC—have fared in the downturn.