Growth continues in Columbus, but at a moderate pace, says LaVaughn Henry, head of the Cincinnati Branch of the Cleveland Fed
Most segments of the Columbus metropolitan area’s economy continue to expand, according to LaVaughn Henry, vice president and senior regional officer at the Cincinnati Branch of the Federal Reserve Bank of Cleveland. Henry says that since 2009, the Columbus economy has been the strongest of the metro areas in the Buckeye State and one of the strongest in the Midwest.
“The Columbus unemployment rate is among the nation’s lowest, while overall employment growth remains strong,” notes Henry. “Housing prices are improving, but at a more moderate pace relative to recent trends.” According to Henry, the outlook for continued expansion in the region remains good for the remainder of 2016.
For more of Henry’s insights on economic conditions in the greater Columbus area, see our latest Columbus Metro Mix.
And in case you missed them, check out these Forefront articles about the region served by the Cleveland Fed – Ohio, eastern Kentucky, western Pennsylvania, and the northern panhandle of West Virginia.
Federal Reserve Bank of Cleveland
The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that along with the Board of Governors in Washington DC comprise the Federal Reserve System. Part of the US central bank, the Cleveland Fed participates in the formulation of our nation’s monetary policy, supervises banking organizations, provides payment and other services to financial institutions and to the US Treasury, and performs many activities that support Federal Reserve operations System-wide. In addition, the Bank supports the well-being of communities across the Fourth Federal Reserve District through a wide array of research, outreach, and educational activities.
The Cleveland Fed, with branches in Cincinnati and Pittsburgh, serves an area that comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.
Doug Campbell, email@example.com, 513.455.4479