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Recent Articles
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Toledo—Economy Rebounds
Several measures—the number of jobs, the unemployment rate, output per person, and median personal income—indicate the economy of the Toledo metro area has essentially bounced back to where it was at the end of 2015. This represents a recovery from the 2017 closure of the Jeep Cherokee plant that reduced the number of jobs and increased the unemployment rate in the region. Read More
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Columbus—Labor Market Cruising at a Slightly Slower Pace
The Columbus metro area’s economy is sturdy, with a low and relatively stable unemployment rate. Total employment grew at a slower rate recently than the metro area’s average pace in the current economic expansion, but the growth was broad-based across sectors. Read More
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Pittsburgh—Job Market Strengthens
Adding enough jobs to accommodate a larger labor force is just one way the Pittsburgh metro area’s economy strengthened: Both GDP per capita and income per capita rose, too. Read More
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Lexington—Economy Showing Mixed Signals
The Lexington metro area showed signs of strength in some areas and signs of softness in others. For example, the unemployment rate remains low, but total employment decreased. Read More
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Opportunity Occupations: A Way Ahead for People without a College Degree
People with bachelor’s degrees typically earn better wages and experience higher employment rates than workers who do not. Yet, more than two-thirds of US adults currently do not have a college degree. Since 2015, the Cleveland Fed, in partnership with Atlanta and Philadelphia Feds, has been exploring these trends by identifying occupations that pay above the national annual median wage and are generally accessible to those without a four-year college degree. Read More