Short-Term Economic Forecasts Show Ohio in Positive Territory

According the Ohio Department of Job and Family Services, Ohio’s forecasted annualized employment growth rate is 1.01%, based on the most recent data. The following Metropolitan Statistical Areas are predicted to grow: Akron at 0.56%; Canton-Massillon at 0.72%; Dayton at 0.91%; Cleveland-Elyria at 1.09%; Toledo at 1.26%; Cincinnati at 1.87%; and Columbus at 2.17%. Youngstown-Warren-Boardman had an annual growth rate projected at -0.54%.

The Federal Reserve Bank of St. Louis and its leading index for Ohio shows the Buckeye State just slightly above neutral, with modest growth expected over the next six months. 12/9/2019