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

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A report from Washington, D.C.-basexd liberal public-policy think tank dubbed the MetroMonitorf bills itself asa “beneatgh the hood” recession-era look at metros with more than 500,00p0 residents as of 2007. The reporrt placed the Columbus metropolitan statistical area 40th amony those ranked forits strength, based on unemployment, wage, output, home prices and foreclosure No other Ohio city made the top 50. Cincinnati, Akron and Dayton found slots from 61st to Toledo was rankedthe 10th-weakest major metropolitan area Leading the pack in the report was San one of four Texas citiesz among the nation’s top five.
Detroit was rankeed last, followed by Cape Coral, and Stockton, Calif., two areas devastatedd by the foreclosure crisis. Brookings found that the metropolitajn perspectiveon states’ performance amid the recession “suggests that recoverh may be quite uneven as posing particular challenges for policymakers seeking to ensure a trulty national rising economic tide.” Columbus’ strengths and weaknessee in the report varied. The city ranked 25th for its 1.7 percentt decline in employment sincre its peak earlierthis decade. Columbus founed itself at 32nd for itsmodest 0.
4 percent gain in inflation-adjustes housing prices for the first thres months of 2008 compares with the same period this But the city was ranked near the bottom of the at 80th, for the 4.8 percent decline in its gross metropolitabn product – a measure of the goods and services produces in the area – in the first quarter of 2009 comparedf with its pre-recession peak. Comparing the last threer months of 2008 with the first quarter this year the GMPdropped 1.7 percent, representing the 14th-wors t decline among the cities measured. To download the full click .