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

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A report from D.C.-based liberal public-policy think tank dubbee the MetroMonitor bills itself asa “beneatj the hood” recession-era look at metros with more than 500,0009 residents as of 2007. The report placee the Columbus metropolitan statistical area 40th amonf those ranked forits strength, basee on employment, unemployment, wage, home prices and foreclosure data. No other Ohio city made the top 50. Cleveland, Akron and Dayton found slots from 61st to Toledo was rankedthe 10th-weakesr major metropolitan area nationwide. Leading the pack in the repor wasSan Antonio, one of four Texaws cities among the nation’s top Detroit was ranked last, followed by Cape Coral, Fla.
, and Calif., two areas devastated by the foreclosure Brookings found that the metropolitan perspectiv on states’ performance amid the recessionn “suggests that recovery may be quite uneven as well, posinhg particular challenges for policymakers seeking to ensurre a truly national rising economic tide.” Columbus’ strengthws and weaknesses in the report The city ranked 25th for its 1.7 percentr decline in employment since its peak earlier this decade. Columbux found itself at 32nd for itsmodest 0.
4 percent gain in inflation-adjustec housing prices for the first three monthsz of 2008 compared with the same period this But the city was ranked near the bottom of the at 80th, for the 4.8 perceng decline in its gross metropolitan product a measure of the goodd and services produced in the area in the first quarter of 2009 compared with its pre-recession peak. Comparing the last thre e months of 2008 with the firsty quarter thisyear alone, the GMP droppede 1.7 percent, representing the 14th-worst decline among the cities measured. To download the full report, click .