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How Fast Ohio’s Economy Is Growing

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How Fast Ohio’s Economy Is Growing


2023-02-10

The U.S. economic system expanded at a sooner fee than anticipated within the third quarter of 2022, with actual gross home product rising at an annualized fee of three.2%, rebounding from a 0.6% contraction within the earlier quarter. The sturdy third quarter progress got here as welcome information in a interval of rising pessimism as a December 2022 Bloomberg ballot of economists put the percentages of a recession in 2023 at 70%, up from 50% in September.

The industries including probably the most worth to the U.S. economic system within the third quarter of 2022 have been info, which contributed 0.88 share factors to actual GDP progress; skilled, scientific, and technical providers, which contributed 0.59 factors to progress; and mining – together with oil and fuel extraction – which contributed 0.5 factors.

Not all states reported third quarter GDP progress, nevertheless, and amongst those who did, progress charges different significantly.

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Ohio’s economic system grew from $637.4 billion within the second quarter of 2022 to $639.2 billion within the third quarter. The 1.2% annualized enlargement fee was the third smallest of the 47 states to report financial progress.

Over the identical time interval, unemployment in Ohio climbed from 3.9% on the finish of the second quarter to 4.0% on the finish of the third.



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Cleveland, OH

SWAT situation on Cleveland’s West Side ends peacefully

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SWAT situation on Cleveland’s West Side ends peacefully


CLEVELAND, Ohio (WOIO) – The SWAT team was called to the city’s West side Thursday morning for a possible active shooter situation.

This started around 11 a.m. in the area of Division Avenue and W. 25th Street.

Cleveland police officers were seen going in and out of several apartment buildings.

The situation ended peacefully around 1 p.m.

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19 News has learned shots were fired, but it is unclear if anyone was injured or arrested.



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Cleveland, OH

Following bankruptcy, Ohio restaurant chain closing all locations outside of Cleveland

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Following bankruptcy, Ohio restaurant chain closing all locations outside of Cleveland


An Ohio-based restaurant chain that once boasted multiple Columbus locations, and more than 10 throughout the state, is preparing to shutter all of its eateries outside of the Cleveland area.

According to statement posted to its social media accounts earlier this week by owner Matt Fish, Melt Bar & Grilled will close its Akron and Mentor locations on Aug. 11 and Aug. 25,

The announcement comes after Melt was sued by Easton Town Center—where one of its locations once operated—and after it filed for Chapter 11 bankruptcy

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The eatery, known for its indulgent grilled cheeses, at one point operated two Columbus storefronts, one in the Short North and the other at Easton. Both of these restaurants are now closed.

“This decision was very difficult to make on a personal and professional level. Operating multiple locations is unfortunately not sustainable for the immediate or long-term future,” Fish’s statement reads. “This difficult decision was made to ensure Melt Bar & Grilled will continue and succeed with a much smaller footprint.”

Fish also announced Melt’s Lakewood location will be undergoing renovations between Sept. 2-9.

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Following the closures, Melt’s only remaining locations are in Cleveland, where the concept began. They operate one location in Lakewood, and two other stores on the campus of Case Western Reserve University and Progressive Field.

Want to read more? Check out our print publications, (614) Magazine and Stock & Barrel. Learn where you can find free copies of our newest issues here!





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Cleveland, OH

Fake bomb threat causes evacuation of Cleveland business: Police

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Fake bomb threat causes evacuation of Cleveland business: Police


CLEVELAND, Ohio (WOIO) – The Cleveland Division of Police is investigating a bomb threat made towards a business on the city’s West Side.

Cleveland Division of Police Sgt. Wilfredo Diaz says officers received a call from PPG Industries, located at 3800 W. 143rd St. around 7:30 a.m. Thursday for the threat.

Sgt. Diaz says employees evacuated the building out of caution. Officers did not find any evidence of a threat after investigating.

Sgt. Diaz says the threat remains under investigation.

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19 News received the following comment from PPG Industries:

PPG’s Cleveland, Ohio facility is currently working with local authorities to ensure the safety and security of our employees and the surrounding community, which is our first priority, following a threat the facility received this morning. The site was briefly evacuated while authorities investigated, but has now returned to normal operations. PPG’s Cleveland facility manufactures paints and coatings for use by automotive manufacturers. For additional information, please contact Cleveland authorities.

This is a developing story. Return to 19 News for updates.



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