Friday, December 3, 2010

Report: D.C. area posts a strong economic performance - Silicon Valley / San Jose Business Journal:

ivanqukeafelovo.blogspot.com
The report ranked the 100 largest U.S. metro areas based on unemployment rates, wages, gross metropolitan product, housingh prices and foreclosure rates in thefirsty quarter. D.C. ranked No. 13, while San Antonio, placed No. 1 and Detroit came in last at No. 100. “Al l metropolitan areas are feeling the effects ofthis recession, but the distressx is not shared equally,” said Alan research director of the metropolitan policyt program at the D.C.
institute and co-author of the “While some areas of the country have experienced only ashallow downturn, and may be emergin from the recession already, people living in metrl areas that are now performing weakesgt economically should prepare themselved for a long recoveru period.” At the first 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 growtgh in employment and output. Output increased in just a handfuk ofmetro areas, including Seattle; Austin, Texas; and Virginia Beach, Va..
The reporf also pointed out that metro areas with concentrations of jobs in certaimn sectors have resulted in fewer dramatixjob losses. The Rankings: San Texas Austin, Texas McAllen, Texas Batojn Rouge, La. Tulsa, Okla. Omaha, Neb. El Texas Wichita, Kan. Washington, D.C. Albuquerque, N.M. Virginia Va. Harrisburg, Pa. Pittsburgh, Pa. New Conn. Rochester, N.Y.

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