metropolitan area

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metropolitan area

(1) Generally, any area in or around a city. (2) A concept developed by the federal Office of Management and Budget (OMB) in order to standardize the descriptions of geographical areas so that comparisons of data among various federal agencies could be on an apples-to-apples basis; all data regarding a particular metropolitan area would apply to the same geographical area and the same population density and profile.Today,the concept is called core-based statistical areas,which include metropolitan statistical areas and micropolitan statistical areas. One may find statistical information about each at the Web site of the U.S. Census, www.census.gov/population/www/estimates/aboutmetro.html.

• Metropolitan statistical areas contain at least one urbanized area of 50,000 people or more.

• Micropolitan statistical areas contain at least one urbanized area and a population of 10,000 to 50,000 people.

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In order to rank the metro areas with the highest share of profitable firms, researchers compared the total number of firms with employees in a metro area to the number of firms in a metro area reporting profits.

Study finds Seattle, Louisville and Indianapolis rank highest for most profitable businesses

Examining the housing market, home prices in the metro area have risen faster, on average, than in the state or nation throughout this economic expansion.

United States : Columbus metro areas labor market cruising at a slightly slower pace, say Cleveland Fed researchers

The metro areas seeing the largest increase in construction jobs between March 2018 and March 2019 included the Phoenix area, which gained 13,800 construction jobs in the past year for an 11 percent increase; the Atlanta area, which added 7,600 jobs for a rise of 6 percent; and the Dallas area, which added 7,400 jobs for a 5 percent increase.

Long Island continues to add construction jobs

"To say that if we adopted Florida's tax structure, both downstate and metro areas would suddenly turn around -- it's much more complicated than that," he said.

Metro areas' population losses symptomatic of statewide trend

Of the 54 metro areas surveyed inJanuary 2019, the overall average number of home sales was down 26.1% compared toDecember 2018, and down 11.0% compared toJanuary 2018.

RE/MAX National Housing Report for January 2019

Since 2007, Rochester's real GDP has declined by 0.8 percentranking 89th among the 100 largest metro areas. In contrast, Buffalo's 9.2 percent gain ranked 60th and Albany's 10.8 percent increase was 50th.

Local economy shrinks slightly in 2017

Because of the higher number of workers' comp doctors practicing in large metro areas, the physician to patient ratio is generally lower than in smaller metro areas.

Texas Workers' Comp Study Finds Improvement in Worker Access to Medical Care

An analysis of the nation's 50 largest metro areas reveals a distinction in apartment market performance between business-friendly Sunbelt regions that gained the most people, and older metro areas that gained the fewest people between 2010 and 2017, whether in total population, domestic migration, or immigration.

Fast-Growing, Business-Friendly Sunbelt Markets: Outshine in Apartment Performance

map of highest and lowest well-being communities generally reflects the pattern found across states, with the lowest well-being metro areas found primarily in the South and then winding north up through the industrial Midwest.

Naples, Florida, Metro Tops U.S. in Well-Being for Third Time

At the same time, middle market companies offer a critical foundation for metro areas looking to maintain or strengthen their economy.

Infrastructure and talent attract companies

Job growth has varied widely among the state's metro areas since the recession, he said.

Changes Since the Great Recession

But the share of people living in poverty in half of the state's 25 metro areas surpassed the state figure, and roughly half of the state's metro areas saw increased poverty rates in 2016.