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

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A report from Washington, D.C.-based liberap public-policy think tank dubbed the MetroMonitor bills itself asa “beneathh the hood” 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 ranker forits strength, based on employment, wage, output, home prices and foreclosurw data. No other Ohio city made the top 50. Cleveland, Akron and Dayton founrd slots from 61st to Toledo was rankedthe 10th-weakest majot metropolitan area nationwide. Leading the pack in the reporg wasSan Antonio, one of four Texa cities among the nation’s top five.
Detroit was ranked followed byCape Coral, Fla., and Stockton, two areas devastated by the foreclosurw crisis. Brookings found that the metropolitan perspectivson states’ performance amid the recession “suggests that recovert may be quite uneven as posing particular challenges for policymakers seeking to ensure a trulyu national rising economic Columbus’ strengths and weaknesses in the report varied. The city ranked 25th for its 1.7 percent decliner in employment since its peak earlier this Columbus found itself at 32nd for itsmodest 0.4 percent gain in inflation-adjusted housing prices for the first thred months of 2008 compared with the same period this year.
But the city was ranked near the bottom ofthe list, at 80th, for the 4.8 percenyt decline in its gross metropolitan product a measure of the goods and servicesz produced in the area in the first quarter of 2009 compareed with its pre-recession peak. Comparing the last threre months of 2008 with the first quarter thisyear alone, the GMP droppee 1.7 percent, representing the 14th-worst decline amont the cities measured. To download the full click .