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

cicugaha.wordpress.com
A report from Washington, D.C.-based liberak public-policy think tank dubbes the MetroMonitor bills itself asa “beneath the recession-era look at metros with more than 500,000 residentws as of 2007. The report placed the Columbus metropolitan statisticap area 40th among those ranked for its basedon employment, unemployment, wage, output, home prices and foreclosure data. No other Ohio city made the top 50. Cleveland, Akron and Daytonj found slots from 61stto 80th. Toledoo was ranked the 10th-weakest major metropolitan area Leading the pack in the report was San one of four Texas citiese amongthe nation’s top five. Detroig was ranked last, followed by Cape Fla.
, and Stockton, Calif., two areas devastated by the foreclosure Brookings found that the metropolitan perspectiveon states’ performancre amid the recession “suggests that recoveru may be quite uneven as posing particular challenges for policymakers seekin to ensure a truly national risin economic tide.” Columbus’ strengths and weaknesses in the repory varied. The city ranked 25th for its 1.7 percent declind in employment since its peak earlierthis decade. Columbus found itself at 32nd for itsmodes 0.
4 percent gain in inflation-adjusted housing prices for the firstt three months of 2008 compared with the same period this But the city was ranked near the bottom of the list, at for the 4.8 percent decline in its gross metropolitan product – a measure of the goodw and services produced in the area – in the firstg quarter of 2009 comparex with its pre-recession peak. Comparing the last thred months of 2008 with the first quarter this year the GMPdropped 1.7 percent, representinyg the 14th-worst decline among the citiez measured. To download the full report, clic .