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Cleveland's Economy Grows Amid Talent Shortage and Job Gaps

2/17/2026

42 9 Full Breakdown

Summary

Story summary

Cleveland's economy grew in 2024, with per-capita income rising 4.7% and business activity up 2%, per Greater Cleveland Partnership.
However, a talent gap persists as job growth lags income and expansion, with unemployment at 3.4%.
There are approximately 36,000 job openings in 2024, underscoring the need to attract and retain residents.
Retention for Class of 2024 is 51%, and leaders emphasize the need for more people to sustain growth.

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Story summary

Cleveland's economy grew in 2024, with per-capita income rising 4.7% and business activity up 2%, per Greater Cleveland Partnership.
However, a talent gap persists as job growth lags income and expansion, with unemployment at 3.4%.
There are approximately 36,000 job openings in 2024, underscoring the need to attract and retain residents.
Retention for Class of 2024 is 51%, and leaders emphasize the need for more people to sustain growth.