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Economy and Business


Toledo ranks high in predicted job growth
Northwest Ohio city is benefiting from auto and gambling
Story by BRIAN BULL


 
In The Region:

Toledo has been ranked No. 9 for projected job growth in the U.S., outpacing many larger cities in Ohio and the country.

Forbes.com quotes a survey by the employment firm ManPower Group, which suggests some optimism for fall hiring.  Toledo ranks ninth nationally, ahead of places like Boston, San Diego, and Cincinnati. Twenty-four percent of employers in the Glass City expect to hire in the fall, compared to 7 percent  who expect to decrease their payroll.

David Black is a professor of economics at the University of Toledo.  He says on the surface, the numbers sound promising.  But Black says the reality check remains -- Toledo’s unemployment rate is currently 8.2 percent, nearly a point above the national average.

LISTEN: Toledo projected ninth for jobs, but there's a qualification

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“In 2008, we had 310,000 jobs.  After mid-2008, when the recession hit, we went down to about 290.  So we lost 20,000 jobs. Since 2008 to the present, there’s been some growth, from 290 it’s now about 295 (thousand).”

Black says upticks in the automotive sector – as well as the Hollywood Casino opening – may be behind the brighter employment outlook for Toledo.

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