The Capital Region's economy is performing relatively well

flexed bicepThe Albany metro area was among the 21 economically strongest performing large metro areas through the first quarter of 2010, according to the Brookings Institution.

The report bases the rankings on a handful of categories: employment, unemployment, output, home prices, and foreclosure rates.

The Albany metro area scored well for foreclosed properties and both employment and unemployment -- and relatively well for housing prices (the ranks, with the associated data, are after the jump).

Of course, all these rankings are relative to other metro areas. The overall picture is not great. The Brookings report describes the current national situation as "a jobless and increasingly fragile recovery."

Data via Brookings Institution. The lower the ranking, the better. Real estate owned properties are foreclosed properties that don't sell at auction and then end up being owned by the lender.

From the blurb about the "MetroMonitor" report:

The MetroMonitor, an interactive barometer of the health of America's metropolitan economies, looks "beneath the hood" of national economic statistics to portray the diverse metropolitan landscape of recession and recovery across the country. It aims to enhance understanding of the local underpinnings of national economic trends, and to promote public and private sector responses to the downturn that take into account metropolitan areas' distinct strengths and weaknesses.

(Thanks, Jeff and @SamanthaTara)

photo: Victoria Garcia via Flickr

Say Something!

We'd really like you to take part in the conversation here at All Over Albany. But we do have a few rules here. Don't worry, they're easy. The first: be kind. The second: treat everyone else with the same respect you'd like to see in return. Cool? Great, post away. Comments are moderated so it might take a little while for your comment to show up. Thanks for being patient.

What's All Over Albany?

All Over Albany is for interested and interesting people in New York's Capital Region. In other words, it's for you. It's kind of like having a smart, savvy friend who can help you find out what's up. Oh, and our friends call us AOA.

Search

Recently on All Over Albany

Stuff to do this weekend

It's Memorial Day weekend. The official unofficial kickoff to the summer season. There are plenty of picnics, barbecues, and just general hanging out to do,... (more)

Working out the design of the Albany Skyway

The Albany Skyway project is continuing to move forward, and this week the engineering team heading up the design work presented a few potential concepts... (more)

First house on the street

History + houses + maps = this chronicle of house building in Niskayuna by Guy Spiers. It's remarkable to see how house were clustered in... (more)

Collar City Candle Craft + Draft BBQ at Lansing Farm

This is something a little different and summery: Collar City Candle is hosting a Craft + Draft BBQ event at Lansing Farm in Colonie Sunday,... (more)

There's another rail trail public art project this summer, and the call for artists is open

We mentioned this in the rail trail post this week, but it's worth highlighting: The call for artists is currently open for the next public... (more)

Recent Comments

I frequently find myself along this trail on Sunday mornings, hungry, & very little is open. There's a lot of talk about special mowers & building bathrooms & that's nice, yes, let's do that, certainly. But *right now* people using this trail are hungry & want to buy food & drink (& use the bathroom, as a paying customer): if the businesses that are already there were OPEN it would go a long way to providing amenities & destinations. ...

The Helderberg-Hudson Rail Trail is set to get a new paved section this summer, and a few more bits about its future

...has 11 comments, most recently from Zed F

Recycled robots

...has 1 comment, most recently from Herbert

Working out the design of the Albany Skyway

...has 2 comments, most recently from Jeff D

Civil War walking tour of Albany Rural Cemetery

...has 4 comments, most recently from Amy

What qualifies as the Capital Region?

...has 1 comment, most recently from jsc