California Business Minute™

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Hi, I am Tim Johnson and welcome to the California Business Minute.

What cities have been impacted the least by the current recession is a new
ranking by the Brookings Institution.  The Institute ranked the 100 largest
metros by averaging the ranks for four key indicators: employment change,
unemployment change, gross metropolitan product, and home price change.

The following is the ranking of the Top Ten Least Impacted Cities by the Recession

1. San Antonio
2. Austin
3. Oklahoma City
4. Little Rock
5. Dallas-Ft. Worth
6. Baton Rouge
7. Tulsa
8. Omaha
9. Houston
10. El Paso

Strangely, there is not one city west of the Rockies, let alone from
California on the list.  Apparently, Califonia, Arizona, Nevada, Oregon,
Washington and Idaho don't rate.

I am Tim Johnson and this has been the California Business Minute.

Employment was measured by the change from the peak quarter for each metro to
the second quarter of 2009. The peak was the quarter in which the metro had
the most jobs during the past five years. Unemployment was ranked by measuring
the percentage-point change from the first quarter of 2009 to the second quarter
of 2009. Gross metropolitan product was measured from the peak quarter to the
second quarter of 2009. And the ranking of home prices compared the second
quarter of 2009 to the previous quarter.