The Cleveland Fed’s district includes the entire state of Ohio, comprising 88 counties, 12 Metropolitan Statistical Areas (MSAs), and a range of community types, from urban, older industrial, and suburban to rural, agricultural, and Appalachian.
For the formerly incarcerated, questions abound: What is the next step? Where can I get a job? How can I begin rebuilding my life? One Cincinnati company is providing answers. Read More
Finding a quality job is important for both formerly incarcerated individuals and the communities in which they live. One Cleveland-area program is helping, but the need for additional support for this vulnerable population is great. Read More
The economic development field encourages business and job growth, while workforce development ensures individuals have the education, skills, and training needed to obtain jobs. This report provides perspectives on alignment as well as challenges and opportunities for greater alignment between the two systems, using stakeholder input from the Federal Reserve Bank of Cleveland’s Fourth District. Read More
Strong Recovery for Whom? Trends in Dayton, Ohio, and Pittsburgh, Pennsylvania, Exemplify Growing Earnings Gaps between Minority and White Workers Present in Many US Regions
The gap in earnings between the typical white and minority worker grew in these two metro areas more than any other metro area during a 10-year period encompassing both the Great Recession and subsequent recovery. The reasons for the growing gap differ, reflecting divergent trends existent across the country. Read the report.
Economic conditions in the Toledo metro area continue to improve. The unemployment rate has fallen, and employment levels are holding relatively steady. The housing market is a particularly bright spot, with rising residential building permit numbers, growing home prices, and median home values that exceed their prerecession peak. Read More