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From Business First of Columbus:
Report: Columbus holding its own amid recession
Columbus is feeling the sting of the recession like any other metropolitan area in the nation, but a new report indicates it’s holding up better than other big cities in Ohio – not to mention dozens of other major cities in the U.S.
The report placed the Columbus metropolitan statistical area 40th among those ranked for its strength, based on employment, unemployment, wage, output, home prices and foreclosure data.
Ranking 40th is noteworthy? Ok.
Yes, absolutely when considering the following rankings -
Cleveland – 78
Indianapolis – 61
Cincinnati -50
Dayton -90
And just for kicks, Portland OR 66
You can actually download the full report at the bottom or the article.
5 of the top 10 are Texas cities. All of the top 10 are southern cities. I’m not sure I would have much faith in this study.
Have to agree, top 50? Almost top 10% in the nation? Both are noteworthy numbers to me.
Yeah, not a great number overall, but definitely pretty significant that we’re leading the midwest second only to Pittsburgh (really?).
Big Oil, naturally, and crony capitalism run amok is all that is truly propping up Texas. When the Oil dries up, Houston is as good as Detroit, and Texas itself might as well be Michigan, but much warmer, drier and even more spread out.
As for Pittsburgh, it seems to be making some progress as of late. Enough so that they chose it to host the G20 conference. Maybe there’s hope for some of those old Rust Belt towns after all.
To add on to this I ran across this link -
http://www.msnbc.msn.com/id/31192872/ns/us_news-the_elkhart_project/
Columbus is listed as one “33 metro areas where builders are confident”.