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Market Report

Cincinnati Market Report

4Q 2020

Cincinnati Recovery Aligns With National Pace; Comparative Stability Draws Investor Interest

Job growth slowly regaining traction. Lockdowns pared more than 170,000 positions from payrolls in Cincinnati, and recouping those positions has proved difficult in the wake of the health crisis. Nonetheless, nearly every sector is within 10 percent of the pre-recession level, including leisure and hospitality. That sector, which includes hotel and restaurant workers, is outperforming the nation. More than one-fifth of those positions have been lost nationally and only 9 percent have been removed from payrolls in Cincinnati. Some of the other sectors should rebound quickly as the economy reopens. The education and health services sector, for instance, will recapture positions as more elective procedures are made available. Construction jobs have already returned to pre-health crisis levels.
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