NEO Manufacturing Recovering from Great Recession
When recession struck the United States in 2007, manufacturing employment, output and productivity began declining across the nation, including in Northeast Ohio, a region built on a rich history of manufacturing. But today, with the recession nearly nine years behind us, Northeast Ohio is rebounding – outpacing the U.S. in manufacturing productivity and nearly matching its pace in output. NEO manufacturing employment has rebounded as well, although it will likely never reach pre-recession levels.
Download our Quarterly Economic Review to learn more about how Northeast Ohio has recovered from the Great Recession compared to the nation and discover what manufacturing sectors are projected to grow the most in the years ahead.