Columbus and Marietta Only Two Ohio MSAs Out of Recession
October 20, 2009
Based on data from the latest Adversity Index from Moody's Economy.com and msnbc.com., Investigative Reporter Bill Dedman states that the recession has finally ended for one out of every five metro areas in the United States, especially in the Midwest and Great Plains.
Dedman states, August "is the first month this year when any metro area has moved from recession into the "recovery" category, indicating that the economy grew from six months earlier. Out of 384 metro areas in the nation, 79 are in recovery, according to the August data on jobs, manufacturing and housing. Another 270 areas have a "moderating recession," meaning their economies were not contracting as severely as earlier. That leaves 35 metro areas in a full-blown recession.”
Included in that 79, Ohio had 2 out of 16 metro areas, Columbus and the Parkersburg-Marietta Metro Area (West Virginia-Ohio). To read the rest of the story, click here