The 2025 Metro Economies Report, released by the U.S. Conference of Mayors (USCM), underscores the critical role of metropolitan areas in driving the U.S. economy. According to the report, cities account for 90.8% of the national GDP and 88.2% of employment. The findings were announced during the USCM’s 93rd Annual Meeting in Tampa, Florida. The report, prepared by S&P Global Market Intelligence, reveals that metro economies have increased their contribution to U.S. economic growth for the fifth consecutive year. Despite job gains across all regions in 2024, the pace of growth slowed, and unemployment rates rose. Looking ahead, the report forecasts subdued GDP growth due to factors like tariffs, restrictive Federal Reserve policies, and trade uncertainties. Scranton Mayor Paige Cognetti emphasized that cities remain vital to the nation’s economic progress and innovation.
— new from United States Conference of Mayors