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Northeast Ohio

New survey by PNC Bank forecasts an increase in U.S. jobs and wages over the next six months
Results predict a positive outlook for Ohio with conservative job growth in Northeast Ohio

Michael Bratton
Teshome says Northeast Ohio can expect conservative job and wage growth over the next six months.
Courtesy of PNC Financial Services Group
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A new survey released by PNC Bank shows that small and mid-sized business owners plan to increase hiring and wages for employees over the next six months.

The findings reveal that one in four expect to hire additional full-time employees. Forty-two percent intend to increase employees' pay.

PNC Bank Economist Mekael Teshome says the outlook for Northeast Ohio’s economy shows conservative, but promising growth.

LISTEN: Teshome on Northeast Ohio's employment outlook

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“We’re not expecting a massive boost to growth," said Teshome. "We’re not going to be ‘off to the races’ soon, but it is encouraging that at least the moderate growth that we have seen can continue and that should keep adding more workers and hopefully keep driving our unemployment rate down at least in the next few quarters.”

Ohio’s jobless rate dropped below 5 percent in August, a 14-year low for the state.

To view Northeast Ohio's market outlook click here.

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