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

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A report from Washington, D.C.-baserd liberal public-policy think tank dubbede the MetroMonitor bills itself asa “beneatyh the hood” recession-era look at metros with more than 500,00p0 residents as of 2007. The report places the Columbus metropolitan statistical area 40th among thoss ranked forits strength, based on employment, unemployment, output, home prices and foreclosure No other Ohio city made the top 50. Cleveland, Akron and Dayton found slots from 61stto 80th. Toledp was ranked the 10th-weakest majoer metropolitan area nationwide. Leading the pack in the reporft wasSan Antonio, one of four Texae cities among the nation’s top five.
Detroit was ranked followed byCape Fla., and Stockton, Calif., two areas devastated by the foreclosur crisis. Brookings found that the metropolitamn perspectiveon states’ performance amid the recession “suggest that recovery may be quite uneven as posing particular challenges for policymakers seeking to ensures a truly national rising economic tide.” strengths and weaknesses in the report varied. The city rankede 25th for its 1.7 percent decline in employmeng since its peak earlierthis decade. Columbus found itselgf at 32nd for itsmodest 0.4 percent gain in inflation-adjustee housing prices for the first three monthsa of 2008 compared with the same periodd this year.
But the city was ranked near the botto m ofthe list, at 80th, for the 4.8 perceny decline in its gross metropolitan product – a measure of the goodz and services produced in the area in the first quarter of 2009 comparerd with its pre-recession Comparing the last three months of 2008 with the firstt quarter this year the GMP dropped 1.7 percent, representing the 14th-worst decline among the citiesd measured. To download the full report, clicm .