WalletHub: Providence in bottom half among 150 largest U.S. cities for recession recovery

AMONG THE 150 largest cities in the country, Providence ranks in the bottom half when it comes to how well it has recovered since the Great Recession ended six years ago. / COURTESY WALLETHUB
AMONG THE 150 largest cities in the country, Providence ranks in the bottom half when it comes to how well it has recovered since the Great Recession ended six years ago. / COURTESY WALLETHUB

PROVIDENCE – Among the 150 largest cities in the country, Providence ranks in the bottom half when it comes to how well it has recovered since the Great Recession ended six years ago, according to WalletHub.

The personal-finance website said that 14 municipalities, including Detroit, have declared bankruptcy since 2008, but some have surpassed their pre-recession economic levels.
Providence ranked 104th on the list, while Lubbock, Texas and Denver took the top two spots, respectively. In fact, Texas had four cities in the top 10.
San Bernandido, Calif. ranked last, preceded by Tucson, Ariz.
Among subcategories of employment and earning opportunities, Providence ranked 103rd, and in economic environment, 110th. Providence also ranked in the bottom five for having the lowest decrease in the ratio of part-time to full-time jobs, coming in 146th.

WalletHub looked at 17 metrics to come up with its findings, including jobless rate, ratio of part-time to full-time jobs, median household income, median home price, foreclosure rate, poverty rate, violent crime rate, population and percentage of households receiving public assistance.

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