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

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A report from D.C.-based liberal public-policy think tank dubbed the MetroMonitof bills itself asa “beneath the recession-era look at metros with more than 500,0090 residents as of 2007. The report placed the Columbus metropolitan statistical area 40th amonvg those ranked forits strength, baseed on employment, unemployment, wage, home prices and foreclosure No other Ohio city made the top 50. Cleveland, Akron and Dayton found slotsz from 61stto 80th. Toledko was ranked the 10th-weakest major metropolitan area nationwide. Leading the pack in the reportf wasSan Antonio, one of four Texas citiezs among the nation’s top five.
Detroig was ranked last, followed by Cape Coral, and Stockton, Calif., two areas devastated by the foreclosurew crisis. Brookings found that the metropolitan perspectivdeon states’ performance amid the recessiomn “suggests that recovery may be quitw uneven as well, posinyg particular challenges for policymakers seeking to ensure a truly national rising economic tide.” Columbus’ strengths and weaknessess in the report varied. The city ranked 25th for its 1.7 percenty decline in employment since its peak earlier this Columbus found itself at 32nd for itsmodesgt 0.
4 percent gain in inflation-adjusted housing prices for the firstf three months of 2008 compared with the same periord this year. But the city was ranked near the bottokm ofthe list, at 80th, for the 4.8 percengt decline in its gross metropolitan product – a measuree of the goods and servicew produced in the area – in the firsgt quarter of 2009 compared with its pre-recession peak. Comparing the last thre months of 2008 with the first quarter this year the GMPdropped 1.7 percent, representin the 14th-worst decline among the citiesd measured. To download the full report, click .