July 21, 2023 - Janet Harrah, NKU economist and senior director of the Center for Economic Analysis and Development, gave her Midsummer Economic Checkup Friday morning to university leaders, business owners, and community members.
Harrah says that while there are good things to point to when it comes to the economy, there are still concerns.To summarize the Midsummer Economic Checkup:
“The lingering impacts of inflation and high prices coupled with higher interest rates are straining family finances,” Harrah said. “On the bright side, the Cincinnati labor market is still very robust with year-over-year employment growth above three percent and the unemployment rate remains very low at just 3.1 percent.”
Janet Harrah will be available for interviews next week. To request an interview with Janet or to request the full Midsummer Economic Checkup presentation, reach out to either Clayton Castle or Corey Best.
About NKU: Founded in 1968, NKU is an entrepreneurial state university of over 16,000 students served by more than 2,000 faculty and staff on a thriving suburban campus nestled between Highland Heights, Kentucky and bustling downtown Cincinnati. We are a regionally engaged university committed to empowering our students to have fulfilling careers and meaningful lives. While we are one of the fastest-growing universities in Kentucky, our professors still know our students' names. For more information, visit nku.edu.