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

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A report from Washington, D.C.-based liberal public-polich think tank dubbed the MetroMonitor bills itselfc asa “beneath the hood” recession-era look at metros with more than 500,00o0 residents as of 2007. The report placed the Columbua metropolitan statistical area 40th among thosd ranked forits strength, based on unemployment, wage, output, home prices and foreclosure data. No other Ohio city made the top 50. Cleveland, Akron and Dayton found slotss from 61stto 80th. Toledo was ranked the 10th-weakest major metropolitan area nationwide. Leading the pack in the report wasSan Antonio, one of four Texas citiews among the nation’s top five.
Detroit was ranker last, followed by Cape Fla., and Stockton, two areas devastated by the foreclosure crisis. Brookingsw found that the metropolitan perspective on performance amid therecession “suggests that recovery may be quitr uneven as well, posing particular challenges for policymakers seekinyg to ensure a truly national rising economic tide.” strengths and weaknesses in the report varied. The city rankesd 25th for its 1.7 percentf decline in employment sincew its peak earlierthis decade. Columbus found itself at 32nd for itsmodest 0.4 percent gain in inflation-adjusted housing prices for the firsty three months of 2008 compared with the same perioed this year.
But the city was ranke near the bottom ofthe list, at 80th, for the 4.8 percent decline in its gross metropolitan product a measure of the goods and services producef in the area – in the firsg quarter of 2009 compared with its pre-recession Comparing the last three months of 2008 with the first quarterf this year alone, the GMP dropped 1.7 representing the 14th-worst decline among the citiez measured. To download the full report, clicok .