Economic Outlook in Columbus

In the main, things are still looking up in the Columbus metropolitan area. Total nonfarm employment in October of this year was up 6,100 jobs from July. Though some industrial sectors experienced small declines, significant 12-month gains showed up in construction and government (up 4,700 jobs since July). The area’s current unemployment rate (3.0) is well below that of the state and the nation.

Columbus, Ohio’s capital and third largest city, has a highly diversified economy which insulates the area from critical economic shifts. As home to several internationally recognized research and development organizations, the area has shown significant growth in high-technology industries. This growth has been supported by the Columbus Technology Council and a wide range of business incentives. Annual entrepreneur success rates consistently exceed 88 percent. Leading employers include Worthington Industries; Honda of America; Kraft Foods; Goodyear; The Limited, Inc.; Nationwide; Ohio State University, and a number of military installations. Services and retail trade account for half the area’s jobs. There are some 300 financial institutions, four major insurance companies, and more than 57,000 health services. The region is served by easy access to Rickenbacker International Airport, excellent road and rail systems, Greater Columbus Inland Port, and more than 150 million square feet of warehouse and distribution facilities.

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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