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More jobs, higher pay ahead from nation’s metropolitan areas

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Metropolitan areas accounted for 96.5 percent of new jobs created in 2015 — the most since 2000 — and nearly 99 percent of the increase in gross domestic product, according to a report released today to mark the start of the U.S. Conference of Mayors in Indianapolis. The report from IHS Global Insight said that 211 metropolitan areas saw 2 percent real gains in wages in 2015, while in 50 metro areas real wages increased by more than 3 percent. Recovery from the Great Recession will continue with U.S. growth accelerating to 2.9 percent by the fourth quarter of 2016. As a result, the pace of overall GDP growth will pick up from 1.9 percent this year to 2.6 percent in 2017.