According to Brookings, Tampa Bay among the 20 weakest metro areas in the country

Brookings reports on what communities are doing best in these stubbornly bad economic times:


The metropolitan areas that recovered most rapidly from the recession include many


that rely heavily on government or oil and gas and some that have rebounded from a housing bust.  The


stability of employment in health care and education helped cushion metropolitan areas that specialize in


those activities against the worst impact of the recession but has done little to spur robust economic


recovery.  Conversely, metropolitan areas that experienced a housing boom and bust dominated the list of


poor performers during the recession but three of those areas (Bakersfield, Cape Coral, and Modesto) are


among the places that have recovered most rapidly.

As Rose Ferlita and Bob Buckhorn battle it out to see who will lead the city of Tampa over the next four years, a new report indicates what a hole the city is in at this moment.

On Monday, the Brookings Institute released their latest report on the top 100 metro economies in the country based on 16 measures.  Although Tampa was not given a specific ranking out of that top 100, the statistical data that the organization does release indicates that the area is among the worst in the nation in several key benchmarks.

For example, foreclosures.  Of the top 100 metro areas studied, foreclosure rates dropped in an overwhelming 86 of those areas — Tampa was among the 14 where foreclosures increased during the last quarter of 2010.  And on unemployment, 65 of the top 100 metro areas saw their unemployment rate decrease — and Tampa was not in that group.

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