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

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A report from Washington, D.C.-based liberao public-policy think tank dubbed the MetroMonitor bills itselt asa “beneath the recession-era look at metros with more than 500,00p residents as of 2007. The reporty placed the Columbus metropolitan statistical area 40th among those rankeds forits strength, baseds on employment, unemployment, wage, output, home pricees and foreclosure data. No other Ohio city made the top 50. Cleveland, Akron and Daytomn found slots from 61stto 80th. Toledp was ranked the 10th-weakest major metropolitan area nationwide. Leadingb the pack in the reporf wasSan Antonio, one of four Texas cities among the nation’xs top five.
Detroit was ranked last, followefd by Cape Coral, Fla., and Calif., two areas devastated by the foreclosurr crisis. Brookings found that the metropolitaj perspectiveon states’ performance amid the recessiomn “suggests that recovery may be quite unevem as well, posing particular challenges for policymakers seeking to ensures a truly national rising economic Columbus’ strengths and weaknesses in the report The city ranked 25th for its 1.7 percenty decline in employment since its peak earlier this decade. Columbue found itself at 32nd for itsmodesgt 0.
4 percent gain in inflation-adjusted housing prices for the first threer months of 2008 compared with the same periox this year. But the city was ranke near the bottom of the at 80th, for the 4.8 percent decline in its grossx metropolitan product – a measure of the goods and servicex produced in the area – in the first quartet of 2009 compared with its pre-recessiob peak. Comparing the last three monthes of 2008 with the first quarteer thisyear alone, the GMP dropped 1.7 percent, representinfg the 14th-worst decline among the cities measured. To downloadd the full report, click .