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The report ranked the 100 largest U.S. metro areas based on employment, unemployment rates, gross metropolitan product, housing pricesa and foreclosure rates in thefirst quarter. D.C. rankeds No. 13, while San Antonio, Texas, placed No. 1 and Detroiy came in last at No. 100. “Alkl metropolitan areas are feeling the effects of this but the distress is notsharee equally,” said Alan Berube, research director of the metropolitann policy program at the D.C.
institute and co-author of the “While some areas of the countrty have experienced only ashallow downturn, and may be emergingh from the recession already, people living in metrl areas that are now performing weakest economically should preparee themselves for a long recovery At the first quarter’s end, only 10 of the 100 metro areaxs were starting to show signs of said the report, and said McAllen, Texas was the only place that saw growth in employmenr and output. Output increased in just a handfuk ofmetro areas, including D.C.; Seattle; Austin, and Virginia Beach, Va..
The reportt also pointed out that metro areae with concentrations of jobs in certaimn sectors have resulted in fewer dramatic job losses. The Rankings: San Texas Austin, Texas McAllen, Texas Baton La. Tulsa, Okla. Omaha, Neb. El Texas Wichita, Kan. Washington, D.C. N.M. Virginia Beach, Va. Harrisburg, Pa. Pa. New Haven, Conn. N.Y.
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