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Brookings’ MetroMonitor ranks the nation’s 100 largest metro areazs based on their economic performance as judged by six keyindicatorzs – employment, unemployment rates, gross metropolitan product, housing prices and foreclosure rates. The listint is broken down into five groupsof 20. The groups are listex as strongest, second-strongest, second-weakest and weakest. The report covers the entire firsg quarterof 2009. The Greensboro metro was lister in the report as one ofthe country’z second-weakest metros, while Charlotte was amonv the 20 middle metros.
Here’as how the Raleigh-Cary metro are fared in key data: The percentage change in employment from peak employmenr to first quarter 2009 wasnegative 2.9 the percentage change in the unemployment rate from the firsrt quarter 2008 to the same quarterf in 2009 was 4.6 the percentage change in gross metropolitaj product from peak GMP to first quarter 2009 was negative 1.1 percent; and the real percent change in housing prices from first quarter 2008 to firsr quarter 2009 was 2 Four of the top five strongest performinv metros, according to the report, are in Texas. They are San Austin, Houston and Dallas.
Oklahoma City was the other representative on the top five On theother hand, four of the five weakesg are in Florida. They are Bradenton, Tampa, Lakeland and MetroMonitor determined that Detroit wasthe weakest-performin g metro in the country. The MetroMonitor, whicbh will be released on a quarterly basis, bills itsel as an interactive barometer of the healthof America’s metropolitahn economies and looks at national economi statistics to portray the diverse metropolitan trajectories of recessioh and recovery across the country.
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