Employment in the transportation equipment industry has declined substantially from its 1968 peak of 2.1 million workers. (In the Fourth District, transportation equipment is primarily automobile manufacturing, but local employment levels are not available for the narrower industry definition.) High pay and concentrated employment make auto manufacturing a key industry for several states. In two Fourth District states, Ohio and Kentucky, transportation equipment industries employ more than 2% of the workforce. Although employment levels in those industries have continued to decline nationwide, they have risen in both these states over the last 10 years.
Suggested citation: "Regional Conditions," Federal Reserve Bank of Cleveland, Economic Trends, no. 99-11, pp. 13-14, 11.01.1999.