New report ranks Oklahoma City, Tulsa among top performing cities in nation
More than a year ago, Forbes magazine dubbed Oklahoma City the most recession-proof city in the nation.
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Other key findings
from MetroMonitor
• All of the nation’s largest metro areas have lost jobs during the recession, from 0.2 percent in Oklahoma City to 13.5 percent in Cape Coral, Fla. Ten of the 15 metro areas with the largest job losses are located in three states — California, Florida and Ohio.
• No metropolitan area avoided an increase in its unemployment rate from March 2008 to March 2009. Increases ranged from 1.2 percentage points in Des Moines, Iowa, to 6.6 percentage points in Portland, Ore.
• Nearly all metro areas have seen a decline in economic output from pre-recessionary peaks. Nine of the 15 metropolitan areas with the sharpest drops are in Florida, Michigan and Ohio.
• Slightly more than one-third of the 100 largest metropolitan areas avoided declines in home prices over the past year, even as prices nationwide dipped 6 percent. Prices dropped by more than 30 percent in Stockton, Calif.
• As of March 2009, only 10 of the 100 metropolitan areas were beginning to show signs of recovery, yet none of those areas had yet returned to its pre-recession levels of employment or output.
• All of the nation’s largest metro areas have lost jobs during the recession, from 0.2 percent in Oklahoma City to 13.5 percent in Cape Coral, Fla. Ten of the 15 metro areas with the largest job losses are located in three states — California, Florida and Ohio.
• No metropolitan area avoided an increase in its unemployment rate from March 2008 to March 2009. Increases ranged from 1.2 percentage points in Des Moines, Iowa, to 6.6 percentage points in Portland, Ore.
• Nearly all metro areas have seen a decline in economic output from pre-recessionary peaks. Nine of the 15 metropolitan areas with the sharpest drops are in Florida, Michigan and Ohio.
• Slightly more than one-third of the 100 largest metropolitan areas avoided declines in home prices over the past year, even as prices nationwide dipped 6 percent. Prices dropped by more than 30 percent in Stockton, Calif.
• As of March 2009, only 10 of the 100 metropolitan areas were beginning to show signs of recovery, yet none of those areas had yet returned to its pre-recession levels of employment or output.
Related Topics:
Public Finance, Business, Economic Issues, Real Estate, Jobs and Labor, Layoffs and Downsizing, Recessions and Depressions, Property Values, Economic Crisis, Central Banking, Government and Politics
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