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A rural rebound in 2010

Author

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  • Maria Akers
  • Jason Henderson

Abstract

In 2010, rural America was at the forefront of the economic recovery. As sluggish job growth reined in the U.S. economy, rural firms harnessed stronger global commodity demand and raced ahead of their metro peers. In fact, rural job growth sped up in the second half of the year with jobs stretching 2 percent above year-ago levels in the third quarter, outpacing metro gains. In addition, rising exports of farm commodities and manufactured goods spurred job and income gains in rural communities, fueling optimism for economic prospects in 2011.

Suggested Citation

  • Maria Akers & Jason Henderson, 2010. "A rural rebound in 2010," Main Street Economist, Federal Reserve Bank of Kansas City, issue 5.
    • Handle: RePEc:fip:fedkms:y:2010:n:5
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    File URL: http://www.kansascityfed.org/publicat/mse/mse_0510.pdf
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