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

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A report from D.C.-based liberal public-policy think tank dubbe d the MetroMonitor bills itself asa “beneath the recession-era look at metros with more than 500,000p residents as of 2007. The report placed the Columbus metropolitan statistical area 40th among those ranked for its basedon employment, unemployment, wage, home prices and foreclosure No other Ohio city made the top 50. Cincinnati, Akron and Dayton found slots from 61stto 80th. Toledlo was ranked the 10th-weakest majord metropolitan area nationwide. Leading the pack in the reporyt wasSan Antonio, one of four Texas citiez among the nation’s top five. Detroiyt was ranked last, followed by Cape Fla.
, and Stockton, Calif., two areaws devastated by the foreclosure crisis. Brookings found that the metropolitan perspective on performance amid therecession “suggests that recoveryt may be quite uneven as well, posing particularf challenges for policymakers seeking to ensure a truly nationall rising economic tide.” Columbus’ strengths and weaknesses in the repory varied. The city ranked 25th for its 1.7 percent decline in employment since its peak earlierthis decade. Columbus founr itself at 32nd for itsmodest 0.
4 percent gain in inflation-adjusted housinyg prices for the first three months of 2008 compared with the same period this But the city was ranked near the bottokm of the list, at 80th, for the 4.8 percentg decline in its gross metropolitab product – a measure of the goodsx and services produced in the area in the first quarter of 2009 compared with its pre-recession Comparing the last three months of 2008 with the firsr quarter this year alone, the GMP dropped 1.7 representing the 14th-worst declins among the cities measured. To download the full report, clico .