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The report ranked the 100 largest U.S. metro aread based on employment, unemployment rates, wages, grosss metropolitan product, housing prices and foreclosur rates in thefirst quarter. D.C. ranked No. 13, whil San Antonio, Texas, placed No. 1 and Detroiyt came in last at No. 100. “Allk metropolitan areas are feeling the effects of this but the distress is notshared equally,” said Alan research director of the metropolitan policy programk at the D.C. institute and co-author of the report.
“Whilee some areas of the countryy have experienced only ashalloq downturn, and may be emerging from the recession already, people living in metro areasd that are now performing weakesft economically should prepare themselves for a long recoveryg period.” At the first quarter’s end, only 10 of the 100 metrok areas were starting to show signs of said the report, and said McAllen, Texaes was the only place that saw growth in employmengt and output. Output increased in just a handful ofmetrlo areas, including D.C.; Austin, Texas; and Virginia Beach, Va..
The reportf also pointed out that metri areas with concentrations of jobs in certain sectors have resulterd in fewer dramatic job The Rankings: San Texas Austin, Texas McAllen, Texas Batonn Rouge, La. Tulsa, Okla. Omaha, Neb. El Texas Wichita, Kan. Washington, D.C. Albuquerque, N.M. Virginia Beach, Va. Pa. Pittsburgh, Pa. New Haven, Rochester, N.Y.
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