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Toledo

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  • Toledo—Recovering, but Headwinds Remain
  • The Toledo metropolitan statistical area’s recovery from the Great Recession has been mixed. After declining sharply from June 2006 to June 2009, manufacturing employment has seen strong growth, though it remains below 2006 levels. No doubt these job losses in the metro area’s most important sector contributed to the region steadily losing population. The population loss has led to further employment declines in sectors that serve local residents like retail trade, leisure and hospitality services, and housing markets, all of which have seen only a limited recovery. On the positive side, population decline has recently slowed, output growth has been strong, and the professional and business services sector has reached employment levels not seen since 2000.