Columbus 2020 Releases November Economic Data

Columbus Region Unemployment Rate at Lowest Point in 14 Years

December 22, 2015

Columbus, OH – The 11-county Columbus Region continues to perform at a historically strong level. The Region’s unemployment rate recently hit its lowest point in the last 14 years—holding at 3.6 percent, comparing favorably to 4.5 percent in Ohio and 5.1 percent nationally.

“The Columbus Region is proving to be not only durable and diverse, but importantly, it is also dynamic,” said Kenny McDonald, president and chief economic officer, Columbus 2020. “Large and small companies are growing and adding jobs, and venture-backed firms are starting and thriving here.”

The positive employment news comes after multiple companies announced attractions and expansions this month.

The Columbus Region continues to sustain a large pipeline of active economic development projects poised to generate more investment and jobs in the coming year. Columbus 2020 was engaged in 149 active projects in November, adding 14 new projects, up seven percent compared to this time last year. The Columbus Region’s economic development team traveled to several U.S. locations and China in November to promote the area to companies.

About 80 percent of active projects in the pipeline are attraction efforts involving companies considering a new location in the Columbus Region, and about half of those attraction projects involve international companies. Manufacturing remains strong and represents more than 40 percent of the total pipeline.

To view additional Columbus Region data, visit columbusregion.com/dashboards.

-END-

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