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Metro Mix — Cleveland, Ohio

Snapshots of economic conditions and prospects for MSAs in the Fourth District

Cleveland Metro Mix (March 2017) | PDF

The economy of the Cleveland metro area continues to grow, albeit at a slower pace than nearby metro areas, Ohio, and the nation. Income per capita and output per capita are up, 7,500 jobs were gained, three large sectors grew at about the same rate as in the nation, and home prices grew at their fastest rate in more than a decade. However, this good news is tempered by two important indicators that worsened or failed to improve: the credit card delinquency rate remained stable while falling elsewhere, and the unemployment rate rose almost a full percentage point. Read more…