The Biz Beat Atlanta’s economic recovery 46th best in U.S.

by David Markiewicz

Metro Atlanta’s economy continued to rebound in the second quarter, but its rate of recovery, like that of the nation as a whole, slowed, a new study shows.

The area ranked 46th overall among 100 metro areas measured in the Brookings MetroMonitor index of economic recovery.

Brookings analyzed four areas: percent employment change; percentage point change in unemployment rate; percent change in gross metropolitan product; and percent change in house prices.

Metro Atlanta mostly went backwards in those measurements in the second quarter of 2012 compared to the first quarter.

— Employment grew 0.2 percent in the second quarter, down from 0.7 percent growth in the first quarter.

— Output grew 0.7 percent, the same as in the first quarter.

— The unemployment rate increased slightly after declining in the first three months.

— Housing prices continued to fall in the second quarter, but by 3.7 percent, compared to 4.1 percent in the first quarter.
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