Fourth District Employment
Like the nation as a whole, Fourth District states have witnessed sharp declines in unemployment rates since late 1991. Jobless rates in Ohio, Kentucky, and Pennsylvania hover around the U.S. average, but West Virginia’s rate historically exceeds it by a substantial margin and fluctuates more over the business cycle. Employment growth since 1991 has approximated the national average of 10.5% in all of these states except Pennsylvania, which has posted a 4.8% rate.
Suggested citation: “Fourth District Employment,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-11, pp. 14, 11.01.1997.