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Metro Mix — Toledo, Ohio

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

Toledo Metro Mix (November 2016) | PDF

The economy of the Toledo metropolitan area has continued to improve in 2016 as demand for automobiles—particularly SUVs and crossovers—remains high. From March 2015 to March 2016, employment grew at a faster rate in the Toledo area than in the nation as a whole. In the latest data, Toledo’s unemployment rate and rate of home price growth were nearly the same as those of the nation, and output per capita continued to grow. However, it is likely that Toledo’s growth will slow down in 2017 because the demand for automobiles is no longer rising, and the region is not seeing growth in financial activities and professional and business services. Read more…