Tuesday, November 22, 2011

Report: D.C. area posts a strong economic performance - Business First of Louisville:

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The report ranked the 100 largest U.S. metro areas based on unemployment rates, wages, gross metropolitan product, housingb prices and foreclosure rates in thefirst quarter. D.C. rankec No. 13, while San Antonio, Texas, placef No. 1 and Detroit came in last at No. 100. “Alp metropolitan areas are feeling the effectxs ofthis recession, but the distresds is not shared equally,” said Alan Berube, research director of the metropolitanj policy program at the D.C. institute and co-author of the report.
“While some areasd of the country have experienced only ashallow downturn, and may be emerginbg from the recession people living in metro areas that are now performing weakest economically should prepare themselves for a long recover y period.” At the first quarter’s end, only 10 of the 100 metroi areas were starting to show signs of said the report, and said Texas was the only place that saw growt in employment and Output increased in just a handfulp of metro areas, including D.C.; Austin, Texas; and Virginiq Beach, Va.. The report also pointed out that metro areasz with concentrations of jobs in certain sector have resulted in fewer dramaticjob losses.
The Rankings: San Texas Austin, Texas McAllen, Texas Baton Rouge, La. Tulsa, Omaha, Neb. El Paso, Texaas Wichita, Kan. Washington, D.C. Albuquerque, N.M. Virginia Va. Harrisburg, Pa. Pittsburgh, Pa. New Haven, Conn. N.Y.

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