According to a Brookings Institute study (which looked at the economies of 300 metros worldwide), Knoxville is one of three American cities considered to have come fully out of recession. The study looked at 2011-2012 data on Gross Domestic Product (GDP) per capita and employment change, in addition to other factors.
In a press release sent by the city, Mayor Madeline Rogero said, "This is a great indicator of how Knoxville is doing compared to other cities nationwide. While we are elated about the findings of the report, we know there is still work to be done to grow and attract quality jobs to our area and we are working hard without many partners to accomplish that."
The report, which is called "Global MetroMonitor 2012 Slowdown, Recovery, and Interdependence," studied 70 American metro areas, and found that in addition to Knoxville, Pittsburgh and Dallas have also fully recovered from the recession.
Click here to see the entire study.