Many Rust-Belt cities have seen almost half their populations move from inside the city borders to the surrounding suburbs and elsewhere since the 1970s. As populations shifted, neighborhoods changed?in their average income, educational profile, and housing prices. But the shift did not happen in every neighborhood at the same rate. Recent research has uncovered some of the patterns characterizing the process.
The Delayed Recovery of Investment in Nonresidential Structures
Business fixed investment remains below its pre-recession peak, mainly due to the delayed recovery of one of its components, investment in nonresidential structures (factories, office buildings, etc.). One reason for the slow recovery is the overhang of structures that had been built before the recession.
Employment Growth Slows in Ohio
Employment in Ohio has grown 2.7 percent since the start of the recovery (June 2009 to March 2013). Over the same period, national employment grew almost a percentage point more. Ohio’s employment growth to this point in the recovery puts it close to the middle of the distribution.