The Toledo Metropolitan Area
Toledo, Ohio, had 331,000 jobs in 2005, which made it the Fourth District’s seventh-largest metropolitan statistical area in terms of employment. Its industrial composition is quite different from that of the U.S., as measured by its location quotient—the simple ratio of an industry’s share of total employment in an area to that industry’s share of total U.S. employment. In the Toledo area, the manufacturing industry’s share of total employment is nearly 1.5 times larger than in the U.S.; the information industry’s share in the area is only half as large as in the nation.
Suggested citation: “The Toledo Metropolitan Area,” Federal Reserve Bank of Cleveland, Economic Trends, no. 06-08, pp. 15-16, 08.15.2006.