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Dec 3, 2009

Forbes says Baltimore/DC are among fastest recovering Cities

Forbes.com just came out with a list which ranks city/metro area based on how fast the metro areas are "recovering" from the recession. The list uses "metropolitan statistical areas", defined by the U.S. Office of Management and Budget as a "geographic entity" which is used to collect statistics. Data was gathered from the Bureau of Labor Statistics to determine unemployment rates. Other factors considered in creating the list were "GMP" or "Gross Metropolitan Product" which is a way to measure the size of a city's economy, home prices, sales rates and foreclosures.

The Northeast states were among many of the top cities named as "fastest-recovering" on this list, with several metro areas in Pennsylvania and Maryland garnering top spots. Washington-Arlington-Alexandria, DC-VA-MD-WV metro area was ranked at #21 and Baltimore-Towson, MD Metro Area landed at #46 on the list.

For more information, visit www.forbes.com.

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