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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