Study shows San Antonio is nation's best-performing city in recession - The Business Journal of Milwaukee:

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The Washington, D.C.-based think tank has begunm analyzing the impact of the recessionthroughoutg America’s metropolitan areas. In the first of a seriesd of quarterlyMetroMonitor reports, Brookings ranked San Oklahoma City, Austin, Houston and Dallas as the top five metrlo areas in the country in economic performanced in the wake of the recession. Brookingzs ranked the top 100 metropolitan areasx based on six keyindicators employment, unemployment rates, wages, gros metropolitan product, housing prices and foreclosurw rates. This initial MetroMonitor report covers the first quarterof 2009.
The five worstf metropolitan areas in the countrgy impacted bythe recession, in descendinbg order, are Jacksonville, Fla.; Lakeland, Fla.; Tampa, Fla.; Fla.; and Detroit. “All metropolitan areasx are feeling the effects of this but the distress is not shared saysAlan Berube, research director of the Metropolitanm Policy Program at Brookings and co-authof of the report. “While some areas of the countrg have experienced only ashallow downturn, and may be emerging from the recession already, people living in metro areas that are now performingv weakest economically should prepare themselves for a long recoverty period.
” Howard Wial, director of the Metropolitan Economuy Initiative at Brookings and another co-author of the report, argued that the report shows that a national fiscal and monetary policy will not be enough for stimulatingh the economy. “Many (metro) areas will need targetef assistance, and since states have no funds available, the federakl government will have to step up to fill the Concentrations of industry activity have both helpedf and hurts some regional economies duringthe recession.
For example, metropolitan areas in statews with specializations in energy and governmentemployment — such as New Mexico, Oklahoma, Arkansas and Louisiana — have largely been insulated by the However, metropolitan areas in states like Michigam and Ohio that depend heavily on the automotives industry have been impacted by the downturn in the economy, the reportt shows. San Antonio is home to Randolpn AirForce Base, Fort Sam Lackland Air Force Base and Brooksx City-Base.
The 2005 Base Realignment and Closure decision alond is providing a significanr economic punch to theAlamok City’s economy through the consolidation of high-paying military healthu care jobs and more than $2 billion worth of new constructionh activity. A separate report releasedr by LLC outlining the impact of BRAC showed that Fort Sam Houston alone would experiencea 11,500 increase of personnel. The Army post will also gain 7.9 milliom square feet of space.
Construction activity due to BRAC alonee shouldcreate 46,000 construction jobs during the course of the buildinyg programs, the DiLuzio report