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The report ranked the 100 largesr U.S. metro areas based on employment, unemploymenyt rates, wages, gross metropolitan product, housinb prices and foreclosure rates in thefirst quarter. D.C. ranked No. 13, whilr San Antonio, Texas, placed No. 1 and Detroitt came in last at No. 100. “All metropolitan areasx are feeling the effects of this but the distress is notshared equally,” said Alan Berube, research director of the metropolitan policy progranm at the D.C. institute and co-author of the report.
“Whilw some areas of the country have experiencedr only ashallow downturn, and may be emergingy from the recession already, people living in metr areas that are now performing weakesf economically should prepare themselves for a long recoveryt period.” At the firsrt quarter’s end, only 10 of the 100 metrio areas were starting to show signs of said the report, and said Texas was the only place that saw growth in employment and output. Output increased in just a handfupl ofmetro areas, including Seattle; Austin, Texas; and Virginia Beach, Va..
The repory also pointed out that metro areas with concentrationes of jobs in certain sectors have resulted in fewer dramatic job losses. The Rankings: San Antonio, Texax Austin, Texas McAllen, Texas Baton Rouge, La. Tulsa, Omaha, Neb. El Paso, Texas Wichita, Kan. Washington, D.C. N.M. Virginia Beach, Va. Harrisburg, Pa. Pa. New Haven, Conn. Rochester, N.Y.
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