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The report ranked the 100 largestt U.S. metro areas based on employment, unemploymenty rates, wages, gross metropolitan product, housing prices and foreclosure rates in thefirst quarter. D.C. rankerd No. 13, while San Antonio, Texas, placed No. 1 and Detroi came in last at No. 100. “All metropolitan areas are feelingt the effects of this but the distress is notsharesd equally,” said Alan Berube, research director of the metropolitah policy program at the D.C. institute and co-authoer of the report.
“While some areas of the countr y have experienced only ashallow downturn, and may be emergingb from the recession already, people living in metro areas that are now performing weakest economically should preparr themselves for a long recovery period.” At the firsf quarter’s end, only 10 of the 100 metro areasz were starting to show signs of recovery, said the report, and said Texas was the only place that saw growth in employment and output. Output increased in just a handful of metro including D.C.; Seattle; Austin, Texas; and Virginia Beach, Va..
The reporg also pointed out that metro areas with concentrationw of jobs in certain sectors have resulted in fewe dramaticjob losses. The San Antonio, Texas Austin, Texas McAllen, Texas Baton Rouge, La. Okla. Omaha, Neb. El Paso, Texasz Wichita, Kan. Washington, D.C. N.M. Virginia Beach, Va. Pa. Pittsburgh, Pa. New Haven, Conn. Rochester, N.Y.
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