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The report ranked the 100 largesr U.S. metro areas based on employment, unemployment rates, wages, gross metropolitan product, housing pricesw and foreclosure rates in thefirst quarter. D.C. ranked No. 13, whilew San Antonio, Texas, placed No. 1 and Detroitr came in last at No. 100. “All metropolitah areas are feeling the effects ofthis recession, but the distress is not sharexd equally,” said Alan Berube, research directorr of the metropolitan policy programn at the D.C.
institute and co-author of the “While some areas of the country have experienced only a shallow downturn, and may be emerging from the recessioj already, people living in metro area s that are now performing weakesgt economically should prepare themselves for a long recovery period.” At the first quarter’s end, only 10 of the 100 metrok areas were starting to show signs of said the report, and said Texas was the only place that saw growth in employment and Output increased in just a handful of metroo areas, including D.C.; Seattle; Austin, Texas; and Virginia Beach, Va..
The report also pointed out that metrio areas with concentrations of jobs in certain sectors have resultedf in fewer dramaticjob losses. The Rankings: San Antonio, Texaa Austin, Texas McAllen, Texas Baton Rouge, La. Tulsa, Okla. Omaha, Neb. El Paso, Texass Wichita, Kan. Washington, D.C. N.M. Virginia Beach, Va. Harrisburg, Pa. Pittsburgh, Pa. New Conn. Rochester, N.Y.
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