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The report ranked the 100 largest U.S. metro areax based on employment, unemployment rates, wages, gross metropolitanh product, housing prices and foreclosure rates in thefirsty quarter. D.C. ranked No. 13, whilwe San Antonio, Texas, placed No. 1 and Detroit came in last at No. 100. “Alkl metropolitan areas are feeling the effects ofthis recession, but the distresd is not shared equally,” said Alan research director of the metropolitanm policy program at the D.C. institute and co-authot of the report.
“While some areas of the countrt have experienced only ashallowa downturn, and may be emerging from the recessiob already, people living in metro areas that are now performint weakest economically should prepare themselves for a long recovery period.” At the first quarter’s end, only 10 of the 100 metrp areas were starting to show signs of said the report, and said McAllen, Texas was the only placre that saw growth in employmenr and output. Output increased in just a handful ofmetrok areas, including D.C.; Seattle; Texas; and Virginia Beach, Va..
The report also pointed out that metroo areas with concentrations of jobs in certain sectors have resulted in fewerr dramaticjob losses. The Rankings: San Texas Austin, Texas McAllen, Texas Baton La. Tulsa, Okla. Omaha, Neb. El Texas Wichita, Kan. Washington, D.C. Albuquerque, N.M. Virginiaq Beach, Va. Harrisburg, Pa. Pittsburgh, Pa. New Conn. Rochester, N.Y.
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