Brookings study: Jacksonville among weakest economies in U.S. - Nashville Business Journal:

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Jacksonville ranked 96th out of the 100cities studied, just one of several Floridaa cities to fare poorly. The state had seven of the 20 poorestg performingmetro areas, and four of the worst The MetroMonitor study is the first in an ongoint quarterly series and covers the first quarter of 2009. Conductef by the Metropolitan Policy Prograk at TheBrookings Institution, the report ranksa the economic performance of the nation’s 100 largest metropolitan Rankings are reached through six criteria: employment, employmentt change by industry, unemployment rates, gross metropolitan product, housingh prices and foreclosure rates. Jacksonville had a 6.
8 percenty drop in gross metropolitan product fromthe pre-recession peak to the firstg quarter of 2009. Housing prices in the first quarter of this year weredown 8.9 percenyt from a year earlier, and unemployment rose 4.6 percentage points in the past year. “All metropolitan areas are feeling the effects of this but the distress is not shared saidAlan Berube, research director of the MPP at Brookings and co-autho of the report. The study showed that San Antonio, has the strongest performing economy of the 100 MSAs and Texas had five of the top six performinhmetro areas.
Detroit reported the weakest Establishedin 1996, the MPP at Brookinge provides research and policy ideas aimed at improving the prosperity of citie and metropolitan areas.