States

An Uneven Recovery: Home Lending in the Fourth District by Race and Income

Focusing on seven counties across Ohio, Pennsylvania, and Kentucky, our researchers used Home Mortgage Disclosure Act data to examine application and origination activity by income and race during the past 27 years (1990–2016). In a 13-year span preceding and following the Great Recession (2004–2016), three trends were consistent across all seven counties. Read More

Columbus—Stable, Broad-Based Employment Growth

New jobs, increasing home prices, and a healthy GDP spell a stable economy for the Columbus metro area. Read More

Toledo—Economic Situation Has Improved

With the unemployment rate falling and house prices and household financial conditions remaining stable, the Toledo metro area’s economy appears to be firming up. Read More

The Opioid Epidemic and Its Effects: What We Know

With drug overdoses being the leading cause of death for Americans under the age of 50, Cleveland Fed researchers examine the opioid epidemic’s effect on the region. Read their findings.

Labor Market Tightness across the United States since the Great Recession

Though labor market statistics are often reported and discussed at the national level, conditions can vary quite a bit across individual states. We explore differences in these labor market conditions across US states before and after the Great Recession using a ratio of the number of unemployed workers to job vacancies. We show that the intensity of the adverse effects of the recession and the strength of the recovery varied geographically at all points in the process. We also demonstrate that wage growth is delayed until the ratio of unemployed workers to job vacancies returns to prerecession levels. Read More

Unemployment, Vacant Properties, Population Decline: Finding Solutions in Dayton

Explore three ways community leaders in southern Ohio are responding to persistent challenges. Might they work in your region? Read More