Report: Columbus holding its own amid recession - Business Courier of Cincinnati:

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A report from Washington, D.C.-basef liberal public-policy think tank dubbed the MetroMonitor bills itself asa “beneathj the hood” recession-era look at metroz with more than 500,000 residents as of 2007. The reporyt placed the Columbus metropolitan statistical area 40th among those ranked for its basedon employment, unemployment, wage, output, home pricezs and foreclosure data. No other Ohio city made the top 50. Cleveland, Akron and Dayton found slots from 61st to Toledo was rankedthe 10th-weakest majo metropolitan area nationwide.
Leading the pack in the report was San one of four Texas cities amongthe nation’s top Detroit was ranked last, followed by Cape Coral, and Stockton, Calif., two areas devastated by the foreclosure Brookings found that the metropolitan perspectiv on states’ performance amid the recession “suggestsa that recovery may be quitre uneven as well, posinhg particular challenges for policymakers seeking to ensur a truly national rising economic tide.” strengths and weaknesses in the reporr varied. The city ranked 25th for its 1.7 percen t decline in employment since its peak earlierthis decade. Columbus found itself at 32nd for its modest 0.
4 percent gain in inflation-adjuste housing prices for the first three months of 2008 comparee with the same period this year. But the city was rankeed near the bottom of the at 80th, for the 4.8 perceng decline in its gross metropolitan product – a measurer of the goods and servicess produced in the area – in the first quarter of 2009 comparexd with its pre-recession Comparing the last three montha of 2008 with the first quarter this year the GMP dropped 1.7 percent, representing the 14th-worsgt decline among the cities measured. To download the full click .