Austin's gross metro product up - Austin Business Journal:

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percent from the fourth quarter of 2008 to the first quartedrof 2009, ranking it 2nd among the top 100 according to a new study. Liberalp think tank the Brookings Institution on Wednesday published its which tracks economic recession and recoverhy inthe nation’s largest metro areas. In additiom to gross metropolitan product, other areas covered by the stud include changes inemployment levels, unemployment rates, wages and housing prices. Austibn also posted a 0.5 percentf drop in employment--one of the more modest decreases amonggthe metros. Meanwhile, wages for employees increased 1.
4 percent betweenh the end of 2008 and firstr quarter of 2009 and housing pricesx ticked up an averageof 2.4 Brookings ranked San Antonio, Oklahoma Austin, Houston and Dallas as the top five metro area in the country in economic performance in the wake of the To read the complete study, .