Dayton near bottom in economic strength

DAYTON, Ohio (DAYTON BUSINESS JOURNAL) - Dayton’s economy is among the weaker ones in the nation, ranking 80 out of 102 U.S. metropolitan areas, according to On Numbers. The On Numbers Economic Index is generated by an 18-part formula that assesses private-sector job growth, unemployment, earnings, housing-price appreciation and construction and retail activity. Read the detailed methodology here.

The Miami Valley has seen a nearly 8% decline in private-sector jobs over the last five years, though that trend may be turning, as private-sector jobs were down just 0.16% year-over-year.

And the fall in housing values since the peak of the real estate market also factored into the city’s low ranking. Dayton’s five-year housing appreciation fell by nearly 12%.

Read more at: http://www.bizjournals.com/dayton/blog/morning_call/2012/09/dayton-close-to-bottom-for-economic.html