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…
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Cleveland—Housing Market Up, Labor Market Mixed
The economy of the Cleveland metro area continues to grow, albeit at a slower pace than nearby metro areas, Ohio, and the nation. Read More
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Cleveland—Mixed Economic Performance
The Cleveland metro area continues to slowly add jobs, but the manufacturing sector and the professional and business services sector each lost over 1,500 jobs in 2015. Read More
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Cleveland — Population Loss Dampens Growth
By a number of measures, the Cleveland metro area's economy continues to improve: the unemployment rate is lower than it has been in a decade, GDP per capita and income per capita continue to outpace the nation, and credit card delinquencies remain low. Read More
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Cleveland — Settling into a New Normal?
The economy of the Cleveland metro area seems to be settling into a new normal. Read More
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Cleveland — Growth Continues, but at a Slower Rate
The latest data show that the Cleveland metro area’s economy continues to grow, with GDP per capita, wages, house prices, building permits, and employment all rising and unemployment dropping sharply. Read More
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Cleveland — Further Improvement
Though growth continues to be slower than national and statewide advances, the Cleveland metro area’s economy has strengthened in the first half of 2014. Read More
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Cleveland — A Welcome Recovery
Recessions hit the Cleveland–Elyria metropolitan area harder than the nation as a whole because the metro has a strong concentration of durable goods manufacturing, one of the most vulnerable sectors in a downturn. Read More