Cincinnati region: Strong and widespread economic growth continues, says Gary Wagner, head of the Cincinnati Branch of the Cleveland Fed
“The Cincinnati region’s unemployment rate remains well below its 2007 pre-recession readings, and the number of jobs has also recently surpassed its pre-recession high,” says Gary Wagner, vice president and senior regional officer at the Cincinnati Branch of the Federal Reserve Bank of Cleveland.
Writing in the Bank’s Metro Mix, Wagner also notes that average consumer debt levels and credit card delinquency rates in the Cincinnati area are at or near decade lows and housing markets are healthy.
For more of Wagner’s insights on economic conditions in the Cincinnati area, see our latest Cincinnati Metro Mix.
And in case you missed them, check out these other articles and reports focused on 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