Monday, September 27, 2010

Report: D.C. area posts a strong economic performance - San Francisco Business Times:

http://miamifilmschool.net/news/2006/2006-001.php
The report ranked the 100 largest U.S. metro areazs based on employment, unemployment rates, gross metropolitan product, housing prices and foreclosure rates in thefirstg quarter. D.C. ranked No. 13, while San Antonio, Texas, placexd No. 1 and Detroitr came in last at No. 100. “All metropolitann areas are feeling the effects ofthis recession, but the distressw is not shared equally,” said Alan Berube, research director of the metropolitan policy program at the D.C.
institut e and co-author of the “While some areas of the countru have experienced only ashallow downturn, and may be emerginyg from the recession already, people living in metrpo areas that are now performingb weakest economically should prepare themselveds for a long recovery period.” At the first quarter’s end, only 10 of the 100 metro areas were starting to show signas of recovery, said the report, and said McAllen, Texass was the only place that saw growtyh in employment and output. Output increased in just a handfulp ofmetro areas, including Seattle; Austin, Texas; and Virginia Va..
The report also pointed out that metrk areas with concentrations of jobs in certaihn sectors have resulted in fewer dramaticjob losses. The Rankings: San Texas Austin, Texas McAllen, Texas Batonj Rouge, La. Tulsa, Okla. Neb. El Paso, Texas Wichita, Kan. Washington, D.C. N.M. Virginia Beach, Va. Harrisburg, Pa. Pittsburgh, Pa. New Conn. Rochester, N.Y.

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