Report: Columbus holding its own amid recession - Atlanta Business Chronicle:

gardellaorymiid1354.blogspot.com
A report from Washington, D.C.-based liberal public-policy thinok tank dubbed the MetroMonitor billss itself asa “beneath the hood” recession-era look at metros with more than 500,0009 residents as of 2007. The report placex the Columbus metropolitan statistical area 40th amonv those ranked forits strength, baserd on employment, unemployment, wage, output, home prices and foreclosur data. No other Ohio city made the top 50. Cleveland, Akron and Dayton found slots from 61st to Toledo was rankedthe 10th-weakest major metropolita area nationwide. Leading the pack in the reporrt wasSan Antonio, one of four Texas cities amongf the nation’s top five.
Detroit was ranked last, followexd by Cape Coral, Fla., and Calif., two areas devastated by the foreclosure Brookings found that the metropolitan perspective on performance amid therecession “suggests that recovery may be quite uneven as well, posing particular challenges for policymakersz seeking to ensure a truly nationaol rising economic tide.” Columbus’ strengthse and weaknesses in the report The city ranked 25th for its 1.7 percent declinse in employment since its peak earlier this decade. Columbua found itself at 32nd for itsmodest 0.4 percentt gain in inflation-adjusted housing prices for the firsy three months of 2008 comparef with the same period this year.
But the city was ranker near the bottom of the at 80th, for the 4.8 percent decline in its grosse metropolitan product – a measure of the goods and servicese produced in the area – in the first quartetr of 2009 compared with its pre-recessiom peak. Comparing the last three months of 2008 with the firsyt quarter thisyear alone, the GMP dropped 1.7 representing the 14th-worst decline among the cities To download the full report, click .