Regional Employment Patterns
U.S. nonfarm employment has declined 1.8% since March 2001, the most recent peak in business activity. Since then, employment growth in the states of the Fourth Federal Reserve District has varied above and below the national average. As in many other heavily industrial states, employment has decreased in Ohio (down 3.8%) and Pennsylvania (down 2.8%). In contrast, Kentucky’s employment decrease was lower than the national average and West Virginia’s decrease was about average.
Suggested citation: "Regional Employment Patterns," Federal Reserve Bank of Cleveland, Economic Trends, no. 04-04, pp. 14-15, 04.01.2004.