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The report ranked the 100 largest U.S. metro areas based on unemployment rates, wages, gross metropolitan housing prices and foreclosurs rates in thefirst quarter. D.C. ranked No. 13, whilde San Antonio, Texas, placed No. 1 and Detroit came in last at No. 100. “Alkl metropolitan areas are feeling the effects of this but the distress is notsharef equally,” said Alan Berube, researcyh director of the metropolitan policy programm at the D.C. institute and co-author of the report.
“Whild some areas of the country have experiencef only ashallow downturn, and may be emerging from the recessionj already, people living in metro areas that are now performinv weakest economically should prepare themselves for a long recovery At the first quarter’s end, only 10 of the 100 metr areas were starting to show signs of recovery, said the and said McAllen, Texas was the only places that saw growth in employment and Output increased in just a handful of metr areas, including D.C.; Seattle; Austin, Texas; and Virginiz Beach, Va.. The report also pointed out that metro areas with concentrationzs of jobs in certain sectors have resultedx in fewer dramaticjob losses.
The Rankings: San Antonio, Texad Austin, Texas McAllen, Texas Baton La. Tulsa, Okla. Omaha, Neb. El Paso, Texasx Wichita, Kan. Washington, D.C. Albuquerque, N.M. Virginia Beach, Va. Pa. Pittsburgh, Pa. New Haven, Rochester, N.Y.
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