2014 Economic Distress Comparison: Ashtabula Vs. Surrounding Counties

Economic distress is measured in composite terms, using the 5 measures in Table 1 below. Table 2 provides a comparison of economic distress in Ashtabula and surrounding counties. The nation equals 100.0% as the threshold. All counties are measured against the nation. The least distressed counties in this analysis are Geauga and Lake Counties and the most distressed counties are Ashtabula, Crawford and Trumbull Counties. Ashtabula County is the most distressed of the 6 counties compared.
Table 1: Economic Distress Criteria—Primary Elements
 Measure 5-County Region U.S. Threshold
Calculations
24-month Average
Unemployment Rate (BLS)
period ending January 2014
7.51 7.65 -0.14
2012 Per Capita
Money Income (3-year ACS)
$24,720 $27,385 90.27%
2012 Per Capita
Money Income (5-year ACS)
$25,138 $28,051 89.62%
2013 Per Capita
Personal Income (BEA)
$39,211 $44,765 87.59%
2000 Per Capita
Money Income (Decennial Census)
$20,066 $21,587 92.95%
6-county region: Ashtabula, Lake, Geauga, and Trumbull Counties in Ohio, and Erie and Crawford Counties in Pennsylvania.
Table 2: Economic Distress Criteria—Geographic Components
   

Unemp

Thresh

Calc.

3-Yr

PCMI

Thresh

Calc.

PCPI Thresh

Calc.

 PCMI

(2000)

Thresh

Calc.

5-Yr

PCMI

Thresh

Calc.

Ashtabula 9.22 1.57 $19,996 73 $32,736 73.1 $16,814 77.9 $20,135 71.8
Geauga 6.35 -1.3 $33,979 124.1 $55,367 123.7 $27,944 129.4 $34,514 123
Lake 6.84 -0.81 $28,172 102.9 $43,462 97.1 $23,160 107.3 $29,143 103.9
Trumbull 8.25 0.6 $22,052 80.5 $34,173 76.3 $19,188 88.9 $22,096 78.8
Crawford 7.31 -0.34 $21,041 76.8 $34,702 77.5 $16,870 78.1 $21,452 76.5
Erie 7.51 -0.14 $23,650 86.4 $37,729 84.3 $17,932 83.1 $23,974 85.5

Data Sources: U.S. Bureaus of Census, Labor Statistics, and Economic Analysis

3 thoughts on “2014 Economic Distress Comparison: Ashtabula Vs. Surrounding Counties

  1. My first job out of college was directing a political party organization whose chairman had misled me regarding their condition. After a few months of finding messes, I was whining to my brother one day about how horrible the situation was and he responded by saying “great news for you”. Puzzled I asked why to which he responded, “if you hang in and apply yourself, you’re gonna look like a hero”. That must have been how folks like Kiester and Stocker and Wayman et al have felt for years as the challenges mounted for our county only now, praise the lord there’s a lot more of us committing and re-committing. This report reminds me the steep incline we face but as my bro said in 1975, that’s “great news for us”. 🙂

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