While work has started on installing the tower crane at Sherwin-Williams’ (SHW) headquarters construction site, the timetable has been set for the next one to rise in downtown Cleveland. That second crane will appear at the work site for the City Club Apartments near the end of August, according a spokesman for Cleveland Construction Inc. Tower cranes are considered by some to be a visual indicator of a city’s economic growth.Read More
Sometimes living in Cleveland is a walk in the park. And Census data shows more adults are choosing to live here as its economy is producing more output per capita than the average among 106 of America’s largest cities studied in a recent analysis. And Clevelanders’ wealth grew by $2.1 billion between 2017 and 2019 but dipped during the pandemicRead More
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.