Economic Outlook in Cleveland

Compared to last year, total nonfarm employment of 1,153,500 for Cleveland’s metropolitan area in November was a pickup of 6,600 jobs. The area’s 6.0 unemployment was higher than that of the state but in line with the national average. Since a year ago, the area experienced small declines in all economic sectors but construction and services. November employment for the three major sectors--services, trade, manufacturing--represented 71% of total employment for the Cleveland metro area.

As the largest economic area in Ohio, Greater Cleveland’s employment is largely based on five major industries--healthcare, science and engineering, biotechnology and biomedical, education, and manufacturing. It is home to twelve companies on Fortune’s list of top corporations, and the site of 150 global companies. The Fortune 500 companies headquartered in the Cleveland area include TRW, Goodyear, National City, First Energy, Eaton, Sherwin-Williams. The region has been ranked by Fortune as the sixth best location in North America to conduct business. The area businesses are served by excellent road and rail systems, the Cleveland Hopkins International Airport, the Port of Cleveland, third largest on the Great Lakes, and the Cleveland World Trade Center, part of a global network in more than 100 countries.

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Links To Great Web Sites!
These United States - Resources and Related Information for Ohio.
A to Z Home Buying and Selling Real Estate Guide - Vendema
Abacus Real Estate Foreclosures Guide