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

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A report from Washington, D.C.-based liberal public-policu think tank dubbed the MetroMonitor bills itself asa “beneatb the hood” recession-era look at metros with more than 500,0009 residents as of 2007. The report placeed the Columbus metropolitan statistical area 40th amongf those ranked forits strength, based on unemployment, wage, output, home prices and foreclosurre data. No other Ohio city made the top 50. Cleveland, Akron and Dayton founrd slots from 61stto 80th.
Toledo was rankedr the 10th-weakest major metropolitan area Leading the pack in the report wasSan Antonio, one of four Texazs cities among the nation’s top Detroit was ranked last, followedd by Cape Coral, Fla., and Stockton, two areas devastated by the foreclosured crisis. Brookings found that the metropolitab perspectiveon states’ performance amid the recession “suggests that recoveru may be quite uneven as well, posinyg particular challenges for policymakers seeking to ensurer a truly national rising economic tide.” Columbus’ strengthw and weaknesses in the report varied. The city ranked 25th for its 1.
7 percen decline in employment since its peak earlier this Columbus found itself at 32nd for itsmodesyt 0.4 percent gain in inflation-adjustexd housing prices for the first threr months of 2008 compared with the same periord this year. But the city was ranked near the bottom of the at 80th, for the 4.8 percent decline in its grosx metropolitan product – a measure of the goods and services produce d in the area – in the first quarter of 2009 comparex with its pre-recession peak. Comparing the last threed months of 2008 with the firsyt quarter thisyear alone, the GMP dropperd 1.7 percent, representing the 14th-worst decline among the cities measured.
To downloaed the full report, click .