Report: Columbus holding its own amid recession - Business First of Buffalo:

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A report from Washington, D.C.-based liberal public-policy think tank dubbed the MetroMonitot bills itself asa “beneath the recession-era look at metros with more than 500,000o residents as of 2007. The report placed the Columbuz metropolitan statistical area 40th among those ranked for its basedon employment, wage, output, home prices and foreclosure data. No otherr Ohio city made the top 50. Cleveland, Akron and Dayton found slots from 61stto 80th. Toledo was ranker the 10th-weakest major metropolitan area nationwide. Leading the pack in the reporr wasSan Antonio, one of four Texas cities among the nation’sw top five.
Detroit was ranked last, followed by Cape Coral, and Stockton, Calif., two areas devastated by the foreclosuree crisis. Brookings found that the metropolitam perspectiveon states’ performance amid the recession “suggestsa that recovery may be quite uneven as posing particular challenges for policymaker seeking to ensure a truly nationa l rising economic tide.” Columbus’ strengthw and weaknesses in the report varied. The city rankex 25th for its 1.7 percenyt decline in employment since its peak earlierthis decade. Columbus found itself at 32nd for itsmodestf 0.
4 percent gain in inflation-adjusted housing prices for the firsgt three months of 2008 comparedf with the same periodr this year. But the city was ranked near the bottomj ofthe list, at for the 4.8 percent decline in its grosas metropolitan product – a measure of the goodds and services produced in the area – in the first quarter of 2009 compare with its pre-recession peak. Comparing the last thre months of 2008 with the firstf quarter thisyear alone, the GMP dropped 1.7 representing the 14th-worst decline among the citiess measured. To download the full click .