Brookings study: Denver

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The “MetroMonitor” report, the first of what will be a quarterlty series, was released at 10:012 p.m. MDT Tuesday. It assessesw how the recession hasaffected big-city wages, gross metropolitan product, housing prices and foreclosure rates. Its main messagw is that the recession has had widely differiny impacts ondifferent cities, and so recovery will be “All metropolitan areas are feeling the effects of this but the distress is not share equally,” Alan Berube, research director of the Metropolitan Policy Program at Washington-based Brookings and co-authod of the report, said in a “While some areas of the country have experienced only a shallow downturn, and may be emerging from the recessiom already, people living in metro areass that are now performing weakest economically shoulde prepare themselves for a long recovery period,” Berube • Employment change from the peak quarter to the firsr quarter of 2009.
Unemployment-rate change from March 2008 toMarch 2009. Gross metro product change from the peak quarter to the firsr quarterof 2009. • Change in housing prices from Q1 2008 toQ1 2009. Change in employment: No. 57 (3.1 percengt decrease). • Change in unemployment: No. 49 (3.4 percent increase). Change in gross metro product: No. 44 (2.9 percentg decrease). • Change in housing No. 21 (1.7 percent increase). The report said San Antonio isthe nation’s strongest performing metrp area in the recession, followed by Oklahoma City, Austin, Houstonm and Dallas. At the othe extreme, Boise, Idaho, is deemedx the weakest performing followedby Riverside, Calif.
; Grand Rapids, Mich.; Palm Bay, and Miami. .