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Metro Mix — Toledo, Ohio

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

Toledo Metro Mix (November 2018) | PDF

The economic situation in the Toledo metro area has improved in recent months. The unemployment rate dropped 0.9 percentage points in the 12 months that ended with August 2018, and gains in manufacturing employment are helping to fill the gap left by the closure of the Jeep Cherokee plant. Home price growth has slowed but remains strong, and residential building permit issuance continues to increase. Households’ financial situations are holding steady, as measured by the credit card delinquency rate and consumer debt per capita. Though the metro area suffers from a declining population and little change to aggregate measures such as personal income per capita and GDP per capita, the economy appears to be firming up. Read more…