Fourth District Unemployment
Over the last year, unemployment has been dropping steadily in most of the Fourth Federal Reserve District. Kentucky and Pennsylvania have shown the most improvement, with unemployment down 1.1% and 0.8%, respectively, since September 1997. Unemployment rates declined in all but two of the District’s metropolitan areas (Mansfield and Toledo) over the year ended September 1998. Nearly half the counties in the District have unemployment rates below 4.0%, and rates in Ohio, Kentucky, and Pennsylvania are below the national average.
Suggested citation: “Fourth District Unemployment,” Federal Reserve Bank of Cleveland, Economic Trends, no. 98-12, pp. 14, 12.01.1998.