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States

  • Columbus—Local Labor Market Remains Robust

    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

  • Toledo—Improving Housing Market and Employment Situation

    According to the most recent data, economic growth in the Toledo metro area has been strong during the past year, with the metro area outperforming the state as a whole on a number of indicators. This is partially due to the metro area’s concentration of auto and glass manufacturing, industries that grew more strongly in 2016 than manufacturing as a whole. But that is not the whole story—Toledo also had strong growth in financial activities and professional and business services. The region’s solid employment growth since mid-2014 is also reflected in its housing market, where prices are rising almost as fast as in the nation. Read More

  • Neighborhood Change in the Fourth Federal Reserve District: A Multivariate Approach

    This special report provides a description of neighborhood change in the four largest cities of the Fourth Federal Reserve District, Cincinnati, Cleveland, and Columbus, Ohio, and Pittsburgh, Pennsylvania, from 1970 to 2010. Read More

  • Challenging the Kentucky “Uglies”

    Organizations in eastern Kentucky are working to reduce health disparities and build a healthier and more productive population and a stronger regional economy. Read More

  • State of the State: Kentucky

    Annualized payroll employment growth has slowed in the District and the nation, but there are reasons to remain upbeat about the near-term outlook.​ Read More

Recent Articles

  • Columbus—Local Labor Market Remains Robust

    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  

  • Toledo—Improving Housing Market and Employment Situation

    According to the most recent data, economic growth in the Toledo metro area has been strong during the past year, with the metro area outperforming the state as a whole on a number of indicators. This is partially due to the metro area’s concentration of auto and glass manufacturing, industries that grew more strongly in 2016 than manufacturing as a whole. But that is not the whole story—Toledo also had strong growth in financial activities and professional and business services. The region’s solid employment growth since mid-2014 is also reflected in its housing market, where prices are rising almost as fast as in the nation. Read More  

  • 2016 Small Business Credit Survey: State-Level Results in the Fourth District

    The small-business credit environment has changed in recent years and the Federal Reserve and other policy makers have an interest in understanding the impact of those changes on small businesses and their ability to obtain the credit they need to operate and grow. Read More  

  • Lexington—Growth Remains Solid in the Lexington Region

    Economic conditions remain strong in the Lexington metro area. The most recent unemployment rate is the lowest it has been since 2001, and the region has nearly 9 percent more jobs today than it did in 2007. Read More  

  • Pittsburgh—Elusive Employment Gains

    Employment in the Pittsburgh metro area has remained relatively flat since 2012. In 2016, employment declined slightly during the year through September, with losses concentrated in goods-producing sectors such as mining, manufacturing, and construction. These losses largely offset employment gains among some service-sector industries. Read More