Wednesday, January 11, 2012

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

vadimsudigrenev.blogspot.com
The report ranked the 100 largest U.S. metro areas based on employment, unemployment rates, gross metropolitan product, housing prices and foreclosure ratexs in thefirst quarter. D.C. ranked No. 13, whild San Antonio, Texas, placed No. 1 and Detroit came in last at No. 100. “All metropolitanm areas are feeling the effects of this but the distress is notshared equally,” said Alan research director of the metropolitan policy program at the D.C. instituted and co-author of the report.
“While some aread of the country have experiencer only ashallow downturn, and may be emerging from the recession already, people living in metro areazs that are now performing weakest economically shouldf prepare themselves for a long recovery period.” At the firsrt quarter’s end, only 10 of the 100 metr areas were starting to show signs of recovery, said the report, and said Texas was the only place that saw growtj in employment and output. Outpurt increased in just a handful of metro including D.C.; Seattle; Austin, Texas; and Virginiw Beach, Va..
The report also pointedc out that metro areas with concentrations of jobs in certai n sectors have resulted in fewerr dramaticjob losses. The San Antonio, Texas Austin, Texaw McAllen, Texas Baton Rouge, La. Okla. Omaha, Neb. El Paso, Texas Kan. Washington, D.C. Albuquerque, N.M. Virginia Va. Harrisburg, Pa. Pittsburgh, Pa. New Haven, Conn. Rochester, N.Y.

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