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Metro Mix — Cleveland, Ohio

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

Cleveland Metro Mix (August 2016) | PDF

The most recent data for the Cleveland metro area show mixed economic performance. The region continues to slowly add jobs, but the manufacturing sector and the professional and business services sector each lost over 1,500 jobs in 2015. It appears that a number of people entered the labor force and started looking for jobs in the first half of 2016. This is good news because it suggests that the economy has improved enough to draw people back into the labor market, but the downside is that the unemployment rate has increased as a result. The news with some measures is strictly good—GDP per capita continues to rise, home prices increased for 12 months in a row, and residential construction has been ticking up. Read more…