Posted May 3, 200718 yr The following is information concerning economic and workforce trends of the four largest MSAs in the 4th Federal Reserve District, headquarted in Cleveland. http://www.clevelandfed.org Most recent numbers are for 3/2007 (in thousands) Total Nonfarm Employment Cincinnati: 1,031.60 Cleveland: 1,061.60 Columbus: 924.60 Pittsburgh: 1,131.00 Year-over-Year growth (%) Cincinnati: 0.34 Cleveland: -0.36 Columbus: 0.30 Pittsburgh: 0.60 Manufacturing Cincinnati: 120.70 Cleveland: 144.20 Columbus: 76.40 Pittsburgh: 98.70 Year-over-Year growth (%) Cincinnati: 1.00 Cleveland: -2.44 Columbus: -1.93 Pittsburgh: -0.80 Trade, Transportation & Utilities Cincinnati: 207.00 Cleveland: 196.50 Columbus: 185.60 Pittsburgh: 223.30 Year-over-Year growth (%) Cincinnati: 0.00 Cleveland: -0.30 Columbus: 0.81 Pittsburgh: -0.49 Information Cincinnati: 15.30 Cleveland: 18.60 Columbus: 18.60 Pittsburgh: 23.00 Year-over-Year growth (%) Cincinnati: -2.55 Cleveland: -2.62 Columbus: -2.11 Pittsburgh: 0.00 Financial Activities Cincinnati: 64.50 Cleveland: 76.80 Columbus: 72.90 Pittsburgh: 67.90 Year-over-Year growth (%) Cincinnati: -0.62 Cleveland: -0.65 Columbus: -0.27 Pittsburgh: -0.73 Professional and Business Services Cincinnati: 154.60 Cleveland: 137.70 Columbus: 143.00 Pittsburgh: 145.50 Year-over-Year growth (%) Cincinnati: 0.52 Cleveland: 0.29 Columbus: 2.14 Pittsburgh: 1.39 Education and Health Services Cincinnati: 140.90 Cleveland: 174.60 Columbus: 108.90 Pittsburgh: 230.20 Year-over-Year growth (%) Cincinnati: 2.85 Cleveland: 1.39 Columbus: 0.46 Pittsburgh: 2.81 Leisure and Hospitality Cincinnati: 101.90 Cleveland: 90.30 Columbus: 87.00 Pittsburgh: 100.00 Year-over-Year growth (%) Cincinnati: -0.39 Cleveland: 0.11 Columbus: 0.58 Pittsburgh: -0.20 Other Services Cincinnati: 42.40 Cleveland: 44.10 Columbus: 37.50 Pittsburgh: 54.50 Year-over-Year growth (%) Cincinnati: 0.47 Cleveland: 0.68 Columbus: 0.00 Pittsburgh: 0.37 Government Cincinnati: 135.50 Cleveland: 141.10 Columbus: 157.90 Pittsburgh: 131.10 Year-over-Year growth (%) Cincinnati: -0.22 Cleveland: -1.40 Columbus: 0.00 Pittsburgh: 0.31 Homeownership Rate 1/1/2005 Units(%) Cleveland: 74.40 Pittsburgh: 73.10 Columbus: 68.90 Cincinnati: 68.40 Building Permits (All Units) 3/1/2007 Cincinnati: 795.00 Cleveland: 324.00 Columbus: 436.00 Pittsburgh: 626.00 Year-over-Year growth (%) Cincinnati: -23.26 Cleveland: -31.06 Columbus: -46.37 Pittsburgh: 7.01 Building Permits (Single Family Units) Cincinnati: 612.00 Cleveland: 310.00 Columbus: 374.00 Pittsburgh: 302.00 Year-over-Year growth (%) Cincinnati: -23.69 Cleveland: -30.02 Columbus: -48.06 Pittsburgh: -35.05 Per Capita Personal Income 1/1/2005 Dollars Cincinnati: 35,618.00 Cleveland: 35,542.00 Columbus: 35,226.00 Pittsburgh: 36,208.00 Year-over-Year growth (%) Cincinnati: 3.64 Cleveland: 3.73 Columbus: 3.22 Pittsburgh: 4.39
May 3, 200718 yr So Cleveland's losing the most in jobs but growing the most in per capita personal income? Interesting.
May 4, 200718 yr Cleveland's going to keep getting hammered statistically until its transition from a traditional manufacturing center to a non-manufacturing economy is pretty much over. It seems to me that Pittsburgh started having to go through this transition about 5-10 years earlier than Cleveland did. Hopefully Cleveland will see the bottoming out in the next couple of years and not last long. I suspect we've still got some more major closures in our future. I'm worried about the Brook Park Ford plant, Parma Chevy plant and maybe a few others. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
May 5, 200718 yr Damn I hate the few times when I'm right... http://www.urbanohio.com/forum2/index.php?topic=5749.msg182845#msg182845 "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
May 5, 200718 yr Good sign for cincy Building Permits (All Units) 3/1/2007 Cincinnati: 795.00 Cleveland: 324.00 Columbus: 436.00 Pittsburgh: 626.00
May 8, 200718 yr Damn I hate the few times when I'm right... http://www.urbanohio.com/forum2/index.php?topic=5749.msg182845#msg182845 On Cincy's news tonight they mentioned Ford closing 2 plants in the Cleveland area. Supposedly one employs roughly 600 jobs? That's horrible for the families. I'm assuming this is the same thing?
May 8, 200718 yr Unfortunately, that's only part of it. They're idling a plant with 600-700 workers, and completely closing a plant with 1,200.
May 10, 200718 yr Actually, Portland has many areas like that as well (just imagine more evergreens). Same sh!tty vinyl housing. "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
June 28, 200717 yr Numbers for 5/2007 (in thousands) Total Nonfarm Employment Cincinnati: 1,047.60 Cleveland: 1,076.80 Columbus: 937.30 Pittsburgh: 1,150.10 Year-over-Year growth (%) Cincinnati: 0.32 Cleveland: -0.55 Columbus: 0.32 Pittsburgh: 0.41 Manufacturing Cincinnati: 120.70 Cleveland: 143.40 Columbus: 77.00 Pittsburgh: 99.00 Year-over-Year growth (%) Cincinnati: -1.07 Cleveland: -2.65 Columbus: -1.41 Pittsburgh: -1.20 Trade, Transportation & Utilities Cincinnati: 208.60 Cleveland: 198.50 Columbus: 187.20 Pittsburgh: 226.10 Year-over-Year growth (%) Cincinnati: -0.14 Cleveland: -0.60 Columbus: 0.38 Pittsburgh: -0.26 Information Cincinnati: 15.40 Cleveland: 19.00 Columbus: 18.50 Pittsburgh: 22.90 Year-over-Year growth (%) Cincinnati: -2.53 Cleveland: 0.53 Columbus: -2.63 Pittsburgh: -0.87 Financial Activities Cincinnati: 64.90 Cleveland: 76.90 Columbus: 72.60 Pittsburgh: 67.90 Year-over-Year growth (%) Cincinnati: -1.07 Cleveland: -0.77 Columbus: -0.82 Pittsburgh: -1.74 Professional and Business Services Cincinnati: 155.60 Cleveland: 139.80 Columbus: 144.70 Pittsburgh: 148.40 Year-over-Year growth (%) Cincinnati: 0.71 Cleveland: -0.50 Columbus: 1.97 Pittsburgh: 1.50 Education and Health Services Cincinnati: 142.30 Cleveland: 172.10 Columbus: 109.50 Pittsburgh: 226.90 Year-over-Year growth (%) Cincinnati: 3.64 Cleveland: 0.64 Columbus: 1.58 Pittsburgh: 2.25 Leisure and Hospitality Cincinnati: 109.20 Cleveland: 97.70 Columbus: 93.30 Pittsburgh: 110.90 Year-over-Year growth (%) Cincinnati: 1.39 Cleveland: 0.00 Columbus: 2.30 Pittsburgh: 0.18 Other Services Cincinnati: 43.00 Cleveland: 44.50 Columbus: 37.40 Pittsburgh: 55.10 Year-over-Year growth (%) Cincinnati: 1.18 Cleveland: 0.68 Columbus: -1.06 Pittsburgh: -0.72 Government Cincinnati: 136.10 Cleveland: 141.70 Columbus: 157.80 Pittsburgh: 131.50 Year-over-Year growth (%) Cincinnati: -0.58 Cleveland: -1.12 Columbus: -0.38 Pittsburgh: 0.77 Unemployment Rate 4/2007 Cincinnati: 4.90 Cleveland: 5.40 Columbus: 4.80 Pittsburgh: 3.80 Homeownership Rate 1/1/2006 Units(%) Cleveland: 76.90 Pittsburgh: 72.20 Columbus: 65.80 Cincinnati: 65.50 Building Permits (All Units) 4/1/2007 Cincinnati: 608.00 Cleveland: 370.00 Columbus: 493.00 Pittsburgh: 406.00 Year-over-Year growth (%) Cincinnati: -36.53 Cleveland: -24.80 Columbus: -38.37 Pittsburgh: 2.27 Building Permits (Single Family Units) Cincinnati: 546.00 Cleveland: 324.00 Columbus: 432.00 Pittsburgh: 347.00 Year-over-Year growth (%) Cincinnati: -34.92 Cleveland: -28.32 Columbus: -29.53 Pittsburgh: -2.80 Per Capita Personal Income 1/1/2005 Dollars Cincinnati: 34,961.00 Cleveland: 35,423.00 Columbus: 34,960.00 Pittsburgh: 36,530.00 Year-over-Year growth (%) Cincinnati: 3.56 Cleveland: 3.95 Columbus: 3.66 Pittsburgh: 4.94
June 28, 200717 yr Dan's been able to participate for a while now - his suspension expired. clevelandskyscrapers.com Cleveland Skyscrapers on Instagram
June 28, 200717 yr Bleak, but it has been worse. Evergrey you better change your signature lol!! :-D Why? What's wrong with DanInDC? I like your signature, however. I'm impressed that Cleveland still has such a large manufacturing labor force. What comprises this? Automaking, I assume, is a big sector... does Cleveland still have steel mills?
June 28, 200717 yr yes, we still have steel mills. And a lot of manufacturers of what economists call "diversified durable goods". I think that means anything bigger than a breadbox, but I'm not sure.
June 28, 200717 yr Another thing that I noticed is that Cleveland has bad job growth (actually loss) and building permit numbers, but good per capita personal income in amount and growth and the highest homeownership rate. So all is not doom and gloom.
June 28, 200717 yr Isn't there a steel mill in city limits... like the south-central part of the city... Industrial Valley?
June 28, 200717 yr "Why? What's wrong with DanInDC?" Do you ever wonder why your pleas about personal attacks fall on deaf ears? clevelandskyscrapers.com Cleveland Skyscrapers on Instagram
June 28, 200717 yr Did anyone read the PD article from yesterday about how the growth in Cleveland's healtcare industry is double that of the rest of the state? I wonder when we'll be done shedding all the auto industry/steel related jobs. I think the economy will turn around when we stop shedding manufacturing jobs (old economy manufacturing jobs that is). The explosive growth in the healthcare industry is very promising.
June 28, 200717 yr It is promising, but the quantity of jobs lost in the old economy industries is so massive that it'll be a while before there's a real offset from the healthcare sector, imho. clevelandskyscrapers.com Cleveland Skyscrapers on Instagram
June 28, 200717 yr ^True, I just want to know how many old economy jobs are in that manufacturing total. We can theorize that if all old economy jobs in the Cleveland region are finally gone and other sectors continue growing the economy may turn. The numbers could help determine when that turnaround will occur and the economy will be in positive territory again. The paper said that Healthcare job growth in Cleveland grew at 39% between 2000 and 2005. If that rate continued 'til 2010 that would add 66,496 jobs bringing the total to 236,999. Even if manufacturing keeps its current rate of decline (-23%) Health is growing faster so it should offset declines somewhat. Either way sometime in the next few years Healtcare jobs will overtake the total number of manufacturing jobs for the first time. That's huge.
June 29, 200717 yr Healthcare can be a growth industry but it isn't the kind of industry that can supplant the downfall of a diversified manufacturing economy.
June 29, 200717 yr ^Why? It seems to be starting to do so in Northeast Ohio. And again I'm not talking about every manufacturing job in Greater Cleveland, just those linked to the declining old economy industries that seem to fade more and more every day. Admitedly without knowing how many jobs out of the total are old economy its hard to tell how big a task it will be for Healthcare to pick up all of that sector's slack.
June 29, 200717 yr Partially the response has to do with gender issues. The mass employment in health care tends to be at the bottom of market, nurses, nurses aids, and lower. The other growth is at the top end, the doctors and researchers. It doesn't create as much of a skilled working class especially among males as a manufacturing economy has the potential to do. It doesn't provide a lot of fulfilling work for the kind of guys who worked in a auto plant or steel mill.
June 29, 200717 yr Agree - Very immpressive Mfg. number for Cleve-land. I would not have thought it to be that much higher than Cincy. I know both cities had been getting hit hard within the last decade or so but I pictured Cav country to be in worse shape than that. Nice work on locating these numbers!
June 29, 200717 yr Ok, I see what you're saying. On the other hand what are people going to do, sit back unempoyed or "bite the bullet" and get a job even if it is in the Healthcare industry. I know if I was starving I wouldn't care THAT much about where my check was coming from as long as it was legal. Plus alot of the workers that have been working in the older industries for a while are retiring, which leaves this new economy to new younger workers. Again this is just my little theory I guess we'll see in the next three to five years what happens. I disagree it doesn't create a skilled working class. Also lets not forget about the spin-off companies from the Clinic that is in the begining stages, but has unlimited potential.
June 29, 200717 yr Kind of off topic, but can Ohio just annex Pittsburgh and Nky and be done with it already.
July 4, 200717 yr ^^Love this article. It basically says what we all know- that our regional economy is truely in transition, and that our local news media love to feed off of negativity and aren't stating all the facts. Thanks for the article.
August 9, 200717 yr Numbers for 6/2007 (in thousands) Total Nonfarm Employment Cincinnati: 1,050.00 Cleveland: 1,084.00 Columbus: 939.80 Pittsburgh: 1,156.70 Year-over-Year growth (%) Cincinnati: 0.24 Cleveland: -0.51 Columbus: 0.20 Pittsburgh: 0.39 Manufacturing Cincinnati: 120.70 Cleveland: 144.70 Columbus: 77.80 Pittsburgh: 99.70 Year-over-Year growth (%) Cincinnati: -1.47 Cleveland: -2.89 Columbus: -1.39 Pittsburgh: -1.09 Trade, Transportation & Utilities Cincinnati: 209.00 Cleveland: 199.70 Columbus: 186.70 Pittsburgh: 226.60 Year-over-Year growth (%) Cincinnati: -0.10 Cleveland: -0.55 Columbus: 0.05 Pittsburgh: -0.09 Information Cincinnati: 15.40 Cleveland: 19.10 Columbus: 18.60 Pittsburgh: 22.90 Year-over-Year growth (%) Cincinnati: -3.14 Cleveland: 0.53 Columbus: -2.62 Pittsburgh: -1.29 Financial Activities Cincinnati: 65.40 Cleveland: 77.60 Columbus: 72.60 Pittsburgh: 68.70 Year-over-Year growth (%) Cincinnati: -0.76 Cleveland: -0.77 Columbus: -1.36 Pittsburgh: -1.58 Professional and Business Services Cincinnati: 156.90 Cleveland: 141.50 Columbus: 145.70 Pittsburgh: 150.50 Year-over-Year growth (%) Cincinnati: 0.51 Cleveland: -0.70 Columbus: 1.46 Pittsburgh: 1.42 Education and Health Services Cincinnati: 141.70 Cleveland: 170.80 Columbus: 107.20 Pittsburgh: 225.40 Year-over-Year growth (%) Cincinnati: 3.66 Cleveland: 0.35 Columbus: 1.42 Pittsburgh: 2.27 Leisure and Hospitality Cincinnati: 113.40 Cleveland: 99.90 Columbus: 95.60 Pittsburgh: 114.30 Year-over-Year growth (%) Cincinnati: 0.98 Cleveland: 0.00 Columbus: 2.58 Pittsburgh: -0.26 Other Services Cincinnati: 43.40 Cleveland: 45.40 Columbus: 37.40 Pittsburgh: 55.70 Year-over-Year growth (%) Cincinnati: 1.17 Cleveland: 1.34 Columbus: -2.35 Pittsburgh: -1.07 Government Cincinnati: 131.10 Cleveland: 140.60 Columbus: 157.80 Pittsburgh: 129.90 Year-over-Year growth (%) Cincinnati: -0.30 Cleveland: -0.42 Columbus: 0.19 Pittsburgh: 0.46 Unemployment Rate 5/2007 Cincinnati: 4.80 Cleveland: 5.60 Columbus: 4.60 Pittsburgh: 4.10 Homeownership Rate 1/1/2006 Units(%) Cleveland: 76.90 Pittsburgh: 72.20 Columbus: 65.80 Cincinnati: 65.50 Building Permits (All Units) 5/1/2007 Cincinnati: 683.00 Cleveland: 419.00 Columbus: 618.00 Pittsburgh: 503.00 Year-over-Year growth (%) Cincinnati: -38.69 Cleveland: -17.68 Columbus: -17.60 Pittsburgh: 11.53 Building Permits (Single Family Units) Cincinnati: 614.00 Cleveland: 374.00 Columbus: 492.00 Pittsburgh: 398.00 Year-over-Year growth (%) Cincinnati: -29.91 Cleveland: -20.76 Columbus: -16.18 Pittsburgh: -0.75 Per Capita Personal Income 1/1/2005 Dollars Cincinnati: 34,961.00 Cleveland: 35,423.00 Columbus: 34,960.00 Pittsburgh: 36,530.00 Year-over-Year growth (%) Cincinnati: 3.56 Cleveland: 3.95 Columbus: 3.66 Pittsburgh: 4.94
August 9, 200717 yr It's crazy how Pittsburgh's per capita personal income is higher than the Three C's yet it's housing is cheaper than all three. Big savers??? "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
August 9, 200717 yr It's crazy how Pittsburgh's per capita personal income is higher than the Three C's yet it's housing is cheaper than all three. Big savers??? Or maybe we just have nicer housing!! Lol. I'm bitter,don't mind me.
November 13, 200717 yr The latest from the Federal Reserve Bank of Cleveland. Follow link for graphics. Regional Activity The Cincinnati Metropolitan Statistical Area November 8, 2007 By Tim Dunne and Kyle Fee The Cincinnati-Middleton Metropolitan Statistical Area (MSA) comprises fifteen counties in three states, including five counties in Ohio, seven counties in Kentucky, and three counties in Indiana. It is the twenty-fifth-largest MSA in the country, with a population of 2.1 million people in 2006. Cincinnati’s distribution of employment across industries is quite similar to the nation’s as a whole, with a few important exceptions. Comapred to the national economy, a greater share of Cincinnati’s workforce is employed in professional and business services and manufacturing, and a substantially smaller share is employed in the information and government sectors. Cincinnati’s employment has grown less than the national average since the last business cycle peak in March 2001, but it has significantly outpaced overall state employment growth. During the 2002 recession, Cincinnati experienced less employment loss than the rest of the country as well as Ohio, and its employment rebounded relatively quickly. By the end of 2002, Cincinnati’s employment had recovered to pre-recession levels, whereas U.S. and Ohio employment levels continued to fall well into 2003. However, since late 2005, Cincinnati’s employment level has been relatively flat, as has Ohio’s, while the nation’s has continued to expand steadily. Looking at the changes across broad economic sectors, Cincinnati’s weak employment growth relative to the nation’s can be explained largely by weaker growth in the nonmanufacturing sector. Cincinnati’s nonmanufacturing sector expanded about 2 percentage points more slowly than the nation’s since late 2005. On the other hand, the pattern of growth in manufacturing employment was quite similar in Cincinnati and the country as a whole. The MSA’s manufacturing employment showed a steep decline of 16.7 percent over the period, while the country’s fell 17.4 percent. Breaking down employment growth into industry components provides a more detailed look at Cincinnati’s labor market. Positive employment growth for the MSA was driven largely by two sectors of the economy—the education, health, leisure, government and other services sector, and the financial, information and business services sector. From 2001 to 2006, these sectors grew at average annual rates of 1.5 percent and 1.3 percent, respectively. Not surprisingly, Cincinnati’s manufacturing sector acted as a drag on employment growth, showing declines in all six years. A year-over-year employment growth comparison provides a snapshot of the employment situation from September 2006 to September 2007. During this period, the nation’s total employment increased 1.2 percent, whereas Cincinnati’s total employment was essentially flat, rising only 0.1 percent. The MSA lost goods-producing jobs faster than the nation due to particularly sharp declines in manufacturing. Cincinnati’s service sector added jobs at a much slower rate than the nation as a whole (0.5 percent versus 1.7 percent). This lack of job creation in the service sector has been at the heart of slow employment growth in some of Ohio’s major cities. Cleveland (on the) Rocks, a recent Federal Reserve Bank of Cleveland Economic Commentary, looks at this issue in terms of Cleveland’s employment growth. A look at unemployment rates over time reveals that unemployment levels in the Cincinnati area were below the U.S. average for quite a while—1990 until late 2004. (In fact, between 1997 and 2001, Cincinnati’s unemployment rate was under 4 percent—a very low rate.) However, since the 2002 recession,the area's unemployment rate has generally hovered between 4.5 percent and 6 percent, and recently, they surpassed the nation’s. In August 2007, the area’s unemployment rate stood at 5.0 percent, 0.3 percent above the U.S. rate. As with many other Midwestern MSAs, Cincinnati’s population growth has lagged the nation’s over the last several decades. While the MSA’s population grew 24.5 percent from 1970 through 2006, this growth fell well short of the nation’s 47 percent. Still, the Cincinnati metro area has grown much faster than the state of Ohio as a whole, where the population has grown only 7.7 percent over the last 36 years. A look at income trends shows that Cincinnati’s personal per capita income has tracked the U.S. rate closely over the last several decades. Compared to Ohio, Cincinnati’s per capita personal income growth has been somewhat stronger than the state’s, especially since the mid 1990s. In 2006, Cincinnati’s per capita personal income was $36,366—very close to the U.S. average ($36,629) and higher than Ohio’s ($33,217). http://www.clevelandfed.org/research/trends/2007/1107/02regact.cfm
November 15, 200717 yr So essentially Cincinnati doesn't experience the extreme lows or the extreme highs. At the same time Cincinnati seems to be out-performing its peers in terms of jobs and population growth. I'm pretty sure this is how Cincinnati has been for some time...and in all honesty I don't really see a problem with it. Remember, slow and steady wins the race.
November 19, 200717 yr ah good... I love the Cleveland Fed's metropolitan profiles. Cincy does seem to have a higher concentration of "Professional & Business Services" than many other regional cities. Interesting that Cincy MSA's employment did not suffer as much from the post 9/11 recession as the U.S. However, Cincy's employment in the past two years has stagnated while the U.S. has accelerated.
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