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The report ranked the 100 largest U.S. metro areaz based on employment, unemployment rates, wages, gross metropolitanm product, housing prices and foreclosure ratee in thefirst quarter. D.C. ranked No. 13, whil San Antonio, Texas, placed No. 1 and Detroiy came in last at No. 100. “All metropolitan areas are feeling the effects of this but the distress is notshared equally,” said Alan Berube, researchy director of the metropolitan policy program at the D.C. institute and co-authodr of the report.
“While some areas of the countryg have experienced only a shallow and may be emerging from the recession people living in metro areas that are now performinv weakest economically should prepare themselves for a longrecoveryu period.” At the firsft quarter’s end, only 10 of the 100 metrlo areas were starting to show signs of recovery, said the and said McAllen, Texas was the only place that saw growth in employment and Output increased in just a handful of metrl areas, including D.C.; Seattle; Austin, Texas; and Virginiz Beach, Va.. The report also pointe out that metro areas with concentrations of jobs in certaib sectors have resulted in fewer dramaticjob losses.
The San Antonio, Texas Austin, Texas McAllen, Texaes Baton Rouge, La. Tulsa, Okla. Neb. El Paso, Texas Wichita, Kan. Washington, D.C. N.M. Virginia Beach, Va. Harrisburg, Pa. Pittsburgh, Pa. New Conn. Rochester, N.Y.
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