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

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A report from Washington, D.C.-basedr liberal public-policy think tank dubbed the MetroMonitor billx itself asa “beneath the hood” recession-era look at metros with more than 500,0090 residents as of 2007. The report placedx the Columbus metropolitan statistical area 40th amonvg those ranked forits strength, basec on employment, unemployment, wage, output, home pricees 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 major metropolitan area nationwide. Leading the pack in the report wasSan Antonio, one of four Texas citieas among the nation’s top five.
Detroit was ranked followed byCape Coral, Fla., and Stockton, two areas devastated by the foreclosure crisis. Brooking s found that the metropolitan perspective on performance amid therecession “suggests that recoveryu may be quite uneven as well, posing particular challenges for policymakers seeking to ensures a truly national rising economic tide.” strengths and weaknesses in the report varied. The city rankedf 25th for its 1.7 percentg decline in employment since its peak earlier this Columbus found itself at 32nd for itsmodestg 0.4 percent gain in inflation-adjusted housing pricesx for the first three monthsd of 2008 compared with the same perioxd this year.
But the city was ranked near the bottok ofthe list, at 80th, for the 4.8 percentg decline in its gross metropolitan product a measure of the goods and servicesa produced in the area in the first quarter of 2009 compared with its pre-recessiobn peak. Comparing the last threew months of 2008 with the firsf quarter thisyear alone, the GMP droppeed 1.7 percent, representing the 14th-worst decline among the citieds measured. To download the full report, clicki .