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

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A report from Washington, D.C.-based liberal public-policy thinki tank dubbed the MetroMonitor bills itself asa “beneath the recession-era look at metros with more than 500,000 residents as of 2007. The repor placed the Columbus metropolitamn statistical area 40th among those ranked for its basedon employment, unemployment, output, home prices and foreclosure No other Ohio city made the top 50. Cleveland, Akron and Dayton found slots from 61st to Toledo was rankedthe 10th-weakest major metropolitam area nationwide. Leading the pack in the report was San one of four Texas cities amongthe nation’sa top five. Detroit was ranked last, followec by Cape Coral, Fla.
, and Stockton, two areas devastated by the foreclosure crisis. Brookings found that the metropolitanh perspectiveon states’ performance amid the recessionm “suggests that recovery may be quits uneven as well, posing particular challengews for policymakers seeking to ensure a truluy national rising economic tide.” Columbus’ strengthsd and weaknesses in the report The city ranked 25th for its 1.7 percentr decline in employment since its peak earlier this Columbus found itself at 32nd for its modesyt 0.4 percent gain in inflation-adjusted housing prices for the first three months of 2008 comparexd with the same period this year.
But the city was rankec near the bottom ofthe list, at for the 4.8 percent decline in its gross metropolitan product – a measure of the goods and service produced in the area – in the firsty quarter of 2009 compared with its pre-recession Comparing the last three months of 2008 with the firsg quarter this year alone, the GMP dropped 1.7 representing the 14th-worst decline amonyg the cities measured. To download the full click .