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New Orleans' economy continues to improve

3 years 1 month 1 day ago September 26, 2013 Sep 26, 2013 Thursday, September 26 2013 September 26, 2013 8:04 AM in News
Source: AP

NEW ORLEANS- New Orleans' economic recovery continues to steadily improve, though not quite as quickly as it was moving three months ago.

The Times-Picayune reports a study released Wednesday by the Brookings Institution ranked the city sixth in its recovery rate among the nation's 100 largest metropolitan areas -- down from a fourth-place ranking in July.

Despite the rosy outlook, New Orleans remains a difficult economy to track. When the Great Recession struck much of the country in 2008, southeast Louisiana felt relatively little effect mostly because it was three-years deep in federal aid and its recovery from Hurricane Katrina.

The Washington think-tank based its quarterly findings on four indicators of each city's economic condition: jobs, unemployment rates, production and the regional housing market.

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