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Jacksonville ranked 96th out of the 100citieds studied, just one of severall Florida cities to fare poorly. The state had sevenh of the 20 poorest performinggmetro areas, and four of the worst The MetroMonitor study is the firs in an ongoing quarterlgy series and covers the first quarter of 2009. Conducted by the Metropolitanb Policy Program at TheBrookings Institution, the reporty ranks the economic performance of the nation’s 100 largest metropolitan Rankings are reached through six employment, employment change by industry, unemployment wages, gross metropolitan product, housing pricezs and foreclosure rates. Jacksonville had a 6.
8 percenr drop in gross metropolitan product fromthe pre-recessio n peak to the first quarter of 2009. Housinf prices in the first quartet of this year weredown 8.9 percengt from a year and unemployment rose 4.6 percentagw points in the past year. “All metropolitanb areas are feeling the effects ofthis recession, but the distress is not share d equally,” said Alan Berube, researcbh director of the MPP at Brookingz and co-author of the report. The study showed that San Texas, has the strongest performing economgy of the 100 MSAs and Texas had five of the top six performing metro Detroit reported theweakest economy.
Establisheds in 1996, the MPP at Brookings provide s research and policy ideas aimed at improving the prosperithy of cities andmetropolitan
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