Tulsa 9th Among Recession-Proof Cities

Wednesday, June 17th 2009, 1:49 pm
By: News On 6

Associated Press

OKLAHOMA CITY (AP) -- A new study by the Brookings Institution reinforces the belief that Oklahoma's economy is one of the country's best at withstanding a recession.

The MetroMonitor report released Wednesday ranked the strongest performing metropolitan areas in the country, and placed Oklahoma City behind only San Antonio. Tulsa was ranked ninth on the list.

Read the report.

The study comes just over a year after Forbes magazine named Oklahoma City the most recession-proof city in the U.S.

The Brookings Institution's research is based on unemployment figures, wages, gross metropolitan product, housing prices and foreclosure rates through the first quarter of 2009.

Detroit ranked last in the analysis of the country's 100 largest metro areas.