Metro Mix — Cleveland, Ohio
Snapshots of economic conditions and prospects for MSAs in the Fourth District
Cleveland Metro Mix (March 2019) | PDF
Employment is up, unemployment is holding steady, GDP per capita is up, and the housing market appears stable: This metro area’s economic situation has improved. Read more…
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Cleveland—Improved Economic Conditions
Employment is up, unemployment is holding steady, GDP per capita is up, and the housing market appears stable: This metro area’s economic situation has improved. Read More
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Cleveland—Slow Improvement Continues
A falling unemployment rate combined with slow, steady growth in employment is a sign of real improvement in the local labor market. GDP per capita and income per capita grew slowly in 2016. Consumer debt per capita and the credit card delinquency rate remain at relatively low levels, and median home values continue to rise. Read More
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Cleveland—Economic Conditions Improve Slowly
The unemployment rate fell (year-over-year) for the first time in 19 months, and employment has been growing. Growth in GDP per capita and income per capita slowed, but both figures continued to track the national average. While residential building permit issuance fell slightly at the end of 2017, median home values continued to grow. Read More
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Cleveland—Slow Growth Continues
Overall, economic conditions were stable in the Cleveland metro area during the first half of 2017. While employment growth has been weak, the unemployment rate has declined in recent months. The housing market remains strong, with both home price growth and the number of building permits issued at or near their highest levels since the recovery began in June 2009. 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