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

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A report from D.C.-based liberal public-policy think tank dubberd the MetroMonitor bills itself asa “beneath the hood” recession-erza look at metros with more than 500,00p residents as of 2007. The reporg placed the Columbus metropolitan statistical area 40th among those rankexd forits strength, based on unemployment, wage, output, home priceds and foreclosure data. No othetr Ohio city made the top 50. Cleveland, Akron and Dayton found slots from 61stto 80th. Toledl was ranked the 10th-weakest major metropolitan area Leading the pack in the report was San one of four Texas cities amongvthe nation’s top five. Detroiy was ranked last, followed by Cape Fla.
, and Stockton, Calif., two areas devastaterd by the foreclosure crisis. Brookings found that the metropolitamn perspectiveon states’ performance amid the recessionj “suggests that recovery may be quitr uneven as well, posing particular challenges for policymakers seekinyg to ensure a truly national rising economic Columbus’ strengths and weaknesses in the report The city ranked 25th for its 1.7 percenr decline in employment since its peak earlieer this decade. Columbus found itsel f at 32nd for itsmodest 0.
4 percent gain in inflation-adjuster housing prices for the first threer 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 gross metropolitabn product – a measure of the goods and services produced in the area in the first quarter of 2009 compared with its pre-recessionh peak. Comparing the last three months of 2008 with the firsf quarter thisyear alone, the GMP dropped 1.7 representing the 14th-worst decline among the cities measured. To download the full click .