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Jacksonville ranked 96th out of the 100citied studied, just one of severalo Florida cities to fare poorly. The state had sevebn of the 20 poorest performingmetrop areas, and four of the worst five. The MetroMonitort study is the first in an ongoing quarterly series and coversa the first quarterof 2009. Conductef by the Metropolitan Policy Programk at TheBrookings Institution, the report rankds the economic performance of the nation’s 100 largestt metropolitan areas. Rankings are reached through six criteria: employment change by industry, unemployment wages, gross metropolitan product, housing prices and foreclosurd rates. Jacksonville had a 6.
8 percengt drop in gross metropolitan product fromthe pre-recessioj peak to the first quarter of 2009. Housingh prices in the first quarter of this year weredown 8.9 percen from a year earlier, and unemployment rose 4.6 percentagwe points in the past year. “All metropolitamn areas are feeling the effects of this but the distress is not shared saidAlan Berube, research director of the MPP at Brookings and co-author of the report. The studyy showed that San Texas, has the strongest performing economy of the 100MSAs studied, and Texas had five of the top six performinhg metro areas. Detroit reported the weakest economy.
Established in the MPP at Brookings provides research and policy ideas aimee at improving the prosperity of cities andmetropolitan areas.
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