Economic trends

Trends in NE Ohio jobs, labor, immigration, population and the economy.

Cleveland’s economy is kicking butt

In case you’ve missed it, and judging by the lack of coverage in local mainstream media you have, but Greater Cleveland’s economy has managed to win some serious momentum in recent months.
September jobs data from the Bureau of Labor Statistics just came in this past week (see chart below). It showed that Greater Cleveland’s employment grew by 2.7 percent compared to September 2017 year-over-year (YOY). That would have been an increase over August’s robust 2.5 percent increase YOY, except that August’s preliminary data was adjusted upward to 2.7 percent in this latest report.

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Cleveland: Nearly 40 towers planned

A remarkable building boom is under way in Greater Cleveland. Because of a strong economic recovery that’s been picking up momentum here over the past five years, there are more large building projects in the metro area now than at any time in perhaps the past 50 years.

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Cleveland’s growing home sales AND homelessness

There is an incredible story playing out among the spreadsheets and city streets in the Cleveland. On the data side, real estate market observers are watching a remarkable rise in the number of housing sales and prices in the City of Cleveland. At the same time, social service organizations and agencies are witnessing a sad downside — worsening homelessness — that needs to be addressed very soon, preferably before another cold winter sets in.

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Leveraging the Boomtown

Cleveland’s East Side, with one big exception, is a mess. It’s got some of the worst urban poverty in the United States and is the reason for Cleveland’s #2 ranking among America’s biggest cities in terms of percentage of residents living in poverty. Only Detroit outranks Cleveland in that regard.

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Cleveland, redefined

Perhaps you’ve noticed it on the license plates of cars in your neighborhood. Perhaps you’ve noticed it while shopping for a new house. Perhaps you’ve noticed it in the new faces at your child’s school. Perhaps you’ve noticed it on local dating apps.

Something is happening in Greater Cleveland that we’re not accustomed to. They’re coming. Many are already here. Lots of them. Lots of what?

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Transit station-area development activity paces region-Part 2

For those who keep track of new real estate developments in Greater Cleveland, they might be noticing something about the location of these developments. Where are most of the planned, proposed, under-construction and recently completed developments? If you said “within walking distance of a Greater Cleveland Regional Transit Authority rapid transit line” you’d be right!

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