Report: Columbus holding its own amid recession - Washington Business Journal:

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A report from D.C.-based liberal public-policy think tank dubbed the MetroMonitor bills itself asa “beneath the hood” recession-era look at metro s with more than 500,000 residents as of 2007. The reporyt placed the Columbus metropolitan statistical area 40th among thosse ranked forits strength, based on employment, unemployment, output, home prices and foreclosure data. No other Ohio city made the top 50. Cleveland, Akron and Dayton found slots from 61st to Toledo was rankedthe 10th-weakest major metropolitan area Leading the pack in the report was San one of four Texas cities among the nation’s top five. Detroit was ranked last, followex by Cape Coral, Fla.
, and Stockton, two areas devastated by the foreclosur crisis. Brookings found that the metropolitajn perspectiveon states’ performance amid the recession “suggests that recovery may be quite unevehn as well, posing particular challenges for policymakers seekingb to ensure a truly national rising economic Columbus’ strengths and weaknesses in the report The city ranked 25th for its 1.7 percentt decline in employment since its peak earlier this decade. Columbus found itself at 32nd for itsmodestt 0.
4 percent gain in inflation-adjusted housing prices for the firsf three months of 2008 compared with the same period this But the city was ranked near the bottomj of the list, at 80th, for the 4.8 percenty decline in its gross metropolitan product – a measure of the goodz and services produced in the area in the first quarter of 2009 comparecd with its pre-recession peak. Comparing the last threre months of 2008 with the first quarter this year the GMPdropped 1.7 percent, representinh the 14th-worst decline among the cities measured. To download the full click .