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Economic Reports for

Cuyahoga County & Metro Cleveland

Metro Cle Empl- Dec 2021

Employment Rebound from 2020 Covid Shutdown Continues

Metro Cleveland's Employment & Labor Force Recovery Remains 2%-3% Below Pre-Pandemic Levels (Nov 2023)

Metro Cleveland's employment was 1,017,100 in Nov 2023, about 39,300 better than a year ago, but still 21,000 below the pre-pandemic level. The labor force increased by 31,600 to 1,045,600 since Nov 2022 but it remained 29,500 below the pre-pandemic level. Unemployment was 28,500, about 7,700 lower than Nov 2022. The preliminary unemployment rate was 2.7%, a very low rate historically. The smaller labor force was a major factor in the low unemployment rate.

Overall, Metro Cleveland's recent economic growth improved in 2023 but employment was still below pre-pandemic levels. The smaller employment and labor force levels may represent a permanent contraction of the Metro Cleveland economy, although growth in the latter half of 2023 was a hopeful sign.

Metro Cleveland employment & labor force - 2020 & 2023
Metro Cleveland Employment - Dec 2023

A Smaller Economy Permanently?

Metro Cleveland's Employment & Labor Force Rebound Has Stalled 30,000-40,000 Below Pre-Pandemic Levels (May 2023)

Metro Cleveland's employment was 994,700 in May 2023, about 17,200 better than a year ago, but still 31,100 worse than the pre-pandemic level. The labor force increased by 6,700 to 1,034,400 since May 2022 but it remained 48,700 below the pre-pandemic level. Unemployment was 39,700 about 10,500 better than a year ago. The unemployment rate was 3.9%, a point lower a year earlier but the favorable rate is somewhat misleading. The smaller labor force, not strong employment, was a major factor in the low unemployment rate. Overall, Metro Cleveland's economic growth remains weak and below pre-pandemic levels. The smaller employment and labor force levels may represent a permanent contraction of the Metro Cleveland economy.

Metro Cleveland employment & labor force- May 2023
Metro Cleveland employment - May 2023
ESC Presentation

Economic Overview of Metropolitan Cleveland & Akron
Presented to Educational Service Center NEO Business Advisory Council (Feb 3, 2023)

The presentation is an in-depth look at the impact of Covid on the seven-county Cleveland-Akron metropolitan area for a group of educational administrators.  It analyzes long-term economic trends & provides a post-pandemic economic outlook.

Key points of Educational Service Center presentation
Metro Cleveland-Akron employment trend- 2000-22
Metro Cleveland-Akron 2010-23 growth by industry

Cuyahoga Employment & Labor Force Still Below Pre-Pandemic Levels, But Unemployment Is Low (Dec 2021)
 

Cuyahoga County's economy has not recovered to pre-pandemic levels as many potential workers have not rejoined the labor force.

Employment was nearly 560,000 in December 2021, 31,400 lower than in Feb. 2020 (591,200) and 18,200 below the 2018-19 average (578,000). Unemployment was 24,100, much lower than historical levels and the average of 30,000 in 2018-19.

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The unemployment rate of 4.1% in December 2021 was below the 2018-19 average of 4.9% but the favorable level disguised a big decrease in the estimated labor force. From Feb. 2020 to April 2020, the labor force contracted by 39,200. Since that time, the labor has contracted by another 2,400 to 583,900. The unusual contraction leaves the labor force 41,600 below Feb 2020.

2021 Metro Cleveland employment conditions
2021 Cuyahoga Employment & unemloyment
Cuya Empl Report

Interested in recent employment-unemployment data for Cuyahoga County? Read this report,

Nov 2021 Cuyahoga employment
2022 Cuyahoga employment conditions
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