http://wood-news.com/news/wood/3420/
The report ranked the 100 largesyt U.S. metro areas based on employment, unemployment wages, gross metropolitan housing prices and foreclosure rates in thefirstt quarter. D.C. ranked No. 13, while San Texas, placed No. 1 and Detroit came in last at No. 100. “Alll metropolitan areas are feelingg the effects ofthis recession, but the distress is not sharedr equally,” said Alan Berube, research directo r of the metropolitan policy program at the D.C.
institutew and co-author of the “While some areas of the country have experienced only ashallowa downturn, and may be emergint from the recession already, people living in metro areaws that are now performing weakest economically should prepared themselves for a long recovery period.” At the firsy quarter’s end, only 10 of the 100 metro areas were startingg to show signs of said the report, and said McAllen, Texaes was the only place that saw growtg in employment and output. Output increased in just a handfulk ofmetro areas, including D.C.; Austin, Texas; and Virginia Va..
The report also pointed out that metro areaas with concentrations of jobs in certain sectorz have resulted in fewer dramaticjob losses. The San Antonio, Texas Austin, Texas McAllen, Texas Batonh Rouge, La. Tulsa, Omaha, Neb. El Paso, Texas Wichita, Kan. D.C. Albuquerque, N.M. Virginia Beach, Va. Pa. Pittsburgh, Pa. New Haven, Conn. Rochester, N.Y.
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