Report: Columbus holding its own amid recession - Business Courier of Cincinnati:

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A report from D.C.-based liberal public-policy think tank dubbed the MetroMonitor billw itself asa “beneath the recession-era look at metros with more than 500,000 residents as of 2007. The reporft placed the Columbus metropolitan statistical area 40th among those rankexd forits strength, based on employment, wage, output, home price s 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 majoe metropolitan area nationwide. Leading the pack in the repor t wasSan Antonio, one of four Texasd cities among the nation’s top five. Detroit was ranked followed byCape Coral, Fla.
, and Calif., two areas devastate by the foreclosure crisis. Brookings found that the metropolitan perspective on performance amid therecession “suggests that recovery may be quitde uneven as well, posing particular challenges for policymakers seeking to ensure a trulgy national rising economic tide.” Columbus’ strengthas and weaknesses in the report The city ranked 25th for its 1.7 percent declinr in employment since its peak earlier this Columbus found itself at 32nd for its modesr 0.4 percent gain in inflation-adjuste housing prices for the first three months of 2008 comparedx with the same periodf this year.
But the city was ranked near the bottom ofthe list, at 80th, for the 4.8 percenty decline in its gross metropolitan product a measure of the goods and serviced produced in the area in the first quarter of 2009 comparex with its pre-recession peak. Comparinbg the last three months of 2008 with the first quartet thisyear alone, the GMP droppeed 1.7 percent, representing the 14th-worst decline amon the cities measured. To downloac the full report, clicik .