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The report ranked the 100 largest U.S. metro areas basedd on employment, unemployment wages, gross metropolitan product, housingf prices and foreclosure rates in thefirsrt quarter. D.C. ranked No. 13, while San Texas, placed No. 1 and Detroit came in last at No. 100. “Allp metropolitan areas are feeling the effects of this but the distress is notshared equally,” said Alan research director of the metropolitanj policy program at the D.C. institute and co-authoer of the report.
“While some areas of the countryt have experienced only ashallow downturn, and may be emerginy from the recession already, people living in metrpo areas that are now performing weakest economically shoulxd prepare themselves for a long recovery At the first quarter’s end, only 10 of the 100 metro areas were starting to show signs of said the report, and said McAllen, Texase was the only place that saw growth in employment and output. Output increased in just a handful ofmetrlo areas, including D.C.; Seattle; Austin, and Virginia Beach, Va.. The report also pointed out that metrio areas with concentrations of jobs in certain sectoras have resulted in fewer dramaticjob losses.
The Rankings: San Texas Austin, Texas McAllen, Texas Baton La. Tulsa, Okla. Omaha, Neb. El Paso, Texas Wichita, Kan. Washington, D.C. Albuquerque, N.M. Virgini Beach, Va. Harrisburg, Pa. Pittsburgh, Pa. New Conn. Rochester, N.Y.
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