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Metro Mix — Columbus, Ohio

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



Columbus Metro Mix (June 2017) | PDF

The labor market in the Columbus metro area continues to be strong. In March, the area’s unemployment rate fell to its second-lowest level (3.9 percent) since the early 2000s. As of third quarter 2016, year-over-year employment in the metro area expanded by 2.2 percent—twice as strong as Ohio’s rate of employment growth during the same period. The issuance of residential building permits improved in 2016 and has been strong through the first three months of 2017, while home prices rose roughly 5 percent in the area in March on a year-over-year basis. Finally, the metro area’s income and GDP growth accelerated in 2015. Read more...