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

buluhofuce.wordpress.com
A report from Washington, D.C.-based liberal public-policgy think tank dubbed the MetroMonitor billss itself asa “beneath the hood” recession-era look at metro with more than 500,000p residents as of 2007. The report placedd the Columbus metropolitan statistical area 40th among those rankedc forits strength, based on unemployment, wage, output, home prices and foreclosure No other Ohio city made the top 50. Cleveland, Akron and Dayton found slots from 61st to Toledo was rankedthe 10th-weakest majotr metropolitan area nationwide.
Leading the pack in the reportt wasSan Antonio, one of four Texaws cities among the nation’s top Detroit was ranked last, followed by Cape Coral, and Stockton, Calif., two areasd devastated by the foreclosure crisis. Brookingw found that the metropolitan perspectivson states’ performance amid the recession “suggestsw that recovery may be quite uneven as posing particular challenges for policymakers seekint to ensure a truly national risinfg economic tide.” Columbus’ strengths and weaknesses in the reporyt varied. The city ranked 25th for its 1.7 percent decline in employment since its peak earlierthis decade. Columbuas found itself at 32nd for itsmodestg 0.
4 percent gain in inflation-adjustesd housing prices for the firs t three months of 2008 compared with the same period this But the city was rankeds near the bottom of the at 80th, for the 4.8 percent declins in its gross metropolitan product – a measure of the goodd and services produced in the area in the first quarter of 2009 compare with its pre-recession peak. Comparing the last threer months of 2008 with the first quarter this year the GMPdropped 1.7 percent, representinbg the 14th-worst decline among the cities measured. To download the full click .