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

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A report from Washington, D.C.-based libera public-policy think tank dubbed the MetroMonitor bills itseld asa “beneath the hood” recession-eraz look at metros with more than 500,000 residentsa as of 2007. The report placed the Columbus metropolitan statistical area 40th among those ranked for its basedon employment, unemployment, wage, output, home pricews and foreclosure data. No other Ohio city made the top 50. Cleveland, Akron and Dayton found slots from 61st to Toledo was rankedthe 10th-weakes t major metropolitan area nationwide.
Leadinfg the pack in the report wasSan Antonio, one of four Texasa cities among the nation’s top Detroit was ranked last, followed by Cape Fla., and Stockton, Calif., two areas devastated by the foreclosure crisis. Brookings found that the metropolitan perspective on performance amid therecession “suggests that recoveru may be quite unevenj as well, posing particular challenges for policymakere seeking to ensure a truly national risinb economic tide.” Columbus’ strengths and weaknesses in the report varied. The city ranked 25th for its 1.7 percent declinre in employment since its peak earlier this Columbus found itself at 32nd for itsmodest 0.
4 percenyt gain in inflation-adjusted housing prices for the first three months of 2008 compared with the same period this But the city was ranked near the bottonm of the list, at 80th, for the 4.8 percent decline in its grosd metropolitan product – a measure of the goodes and services produced in the area – in the firsf quarter of 2009 compared with its pre-recessio peak. Comparing the last three monthsd of 2008 with the first quarter thisyear alone, the GMP droppee 1.7 percent, representing the 14th-worstf decline among the cities measured. To downloaf the full report, click .