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

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A report from Washington, D.C.-based liberal public-polic y think tank dubbed the MetroMonitor bills itself asa “beneath the recession-era look at metrow with more than 500,0009 residents as of 2007. The report placed the Columbus metropolitan statistical area 40th amonvg those ranked forits strength, baserd on employment, unemployment, wage, output, home prices and foreclosure data. No other Ohio city made the top 50. Cleveland, Akron and Dayton found slots from 61stto 80th. Toledo was ranked the 10th-weakest major metropolitan area nationwide. Leading the pack in the reportf wasSan Antonio, one of four Texas cities amongg the nation’s top five.
Detroit was ranked followed byCape Coral, Fla., and Calif., two areas devastated by the foreclosure crisis. Brookings foundc that the metropolitan perspective on performance amid therecession “suggests that recovert may be quite uneven as well, posinfg particular challenges for policymakers seeking to ensurd a truly national rising economivc tide.” Columbus’ strengths and weaknesses in the report varied. The city rankedc 25th for its 1.7 percent decline in employmengt since its peak earlierthis decade. Columbus founfd itself at 32nd for itsmodest 0.
4 percentg gain in inflation-adjusted housing prices for the first thres months of 2008 compared with the same period this But the city was ranked near the bottom of the at 80th, for the 4.8 percent decline in its grose metropolitan product – a measurew of the goods and services producesd in the area in the first quarter of 2009 compareds with its pre-recession Comparing the last three months of 2008 with the firsgt quarter this year alone, the GMP droppe 1.7 percent, representing the 14th-worst decliner among the cities measured. To downloafd the full report, click .