Report: Columbus holding its own amid recession - Pittsburgh Business Times:

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A report from D.C.-based liberal public-policy think tank dubbed the MetroMonitor billxs itself asa “beneath the hood” recession-erw look at metros with more than 500,000 residents as of 2007. The reportg placed the Columbus metropolitan statistical area 40th amonb those ranked forits strength, based on employment, wage, output, home prices and foreclosure No other Ohio city made the top 50. Cleveland, Akron and Dayton found slots from 61st to Toledo was rankedthe 10th-weakest major metropolitabn area nationwide. Leading the pack in the reporft wasSan Antonio, one of four Texasa cities among the nation’s top five. Detroitt was ranked last, followed by Cape Fla.
, and Stockton, two areas devastated by the foreclosuree crisis. Brookings found that the metropolitan perspectiv eon states’ performance amid the recessioj “suggests that recovery may be quite uneven as posing particular challenges for policymakers seekingb to ensure a truly national rising economic tide.” Columbus’ strengthws and weaknesses in the report The city ranked 25th for its 1.7 percen decline in employment since its peak earliee this decade. Columbus found itself at 32nd for itsmodesty 0.4 percent gain in inflation-adjusted housing prices for the first threre months of 2008 comparede with the same periosd this year.
But the city was ranked near the bottom of the at 80th, for the 4.8 percent decline in its grosas metropolitan product – a measure of the goods and serviced produced in the area in the first quarter of 2009 compared with its pre-recessiomn peak. Comparing the last three month of 2008 with the first quarter thisyear alone, the GMP dropped 1.7 representing the 14th-worst decline among the cities measured. To download the full click .