Q2 2013 Quarterly Economic Review

Northeast Ohio 2022 Employment Projected to be at Highest Point in the Past 20 Years

Employment is projected to be at 2.57 million workers by 2022, its highest point in the past 20 years, reports the quarterly Cleveland Plus Economic Review released today by Team NEO. Occupations with the most job openings through 2022 include healthcare, office and similar occupations, and production.

“Jobs are projected to grow by 150,000 by 2022, surpassing the job declines of the last decade,” said Tom Waltermire, CEO of Team NEO. “Overall, more than 780,000 total jobs openings are expected by 2022 due to new job creation and turnover.”

Statistics from the report include:

• Occupations With Largest Growth Include Healthcare and Business and Finance 
    o Topping the list of occupations projected to add jobs from 2012-2022 in Northeast Ohio include healthcare with 45,000 new jobs and business and finance with 22,000 job additions.

• Sales and Administration Lead Total Job Openings (New and Replacement Jobs)
    o Leading the way in overall job openings from 2012 to 2022 are sales, with 110,000 openings and office and administration, with 94,000.
    o Other occupations projected to grow include healthcare with 85,000. Production, despite gradual declines in production employment, also is projected to add more than 47,000 jobs due to turnover. 

• Most Occupation Sectors Expected to Improve by 2022
    o Administration, with office and similar positions, is projected to be the largest sector with 350,000 jobs, and sales, with more than 325,000 positions. Both of these occupations experienced declines from 2002 to 2012 but are projected to grow from 2012-2022
    o Overall healthcare jobs are projected to account for 275,000 jobs by 2022, with healthcare support positions projected to grow 27%, personal care by 22% and healthcare practitioner positions up 14%
    o Production, which declined 21% from 2002 to 2012 is projected to decline at a slower rate of 11% over the next decade and will still employ nearly 180,000 people
    o While management jobs declined throughout the 2000s, they are projected to rebound and grow 6%, making up nearly 140,000 jobs

• All Sectors See Year-Over-Year Growth
    o All major sectors grew in Q1 2013: Services gained 34,000 jobs year-over-year, construction gained more than 5,000 jobs; government (1,500 jobs gained) and manufacturing (500 jobs added) remained steady 

• Well Activity Increasing in Ohio
    o  In Q1 2013, 109 wells were permitted, signaling the coming increase in drilling activity

Team NEO publishes the Cleveland Plus Economic Review quarterly to provide a holistic picture of Northeast Ohio’s economy. It is the only regular source of collective economic data for the 18-county region. The nonprofit organization uses the information to attract new businesses and jobs to the Cleveland Plus region.

Team NEO uses Moody’s Economy.com and US Bureau of Labor Statistics data and Ohio’s Labor Marketing Information to aggregate regional figures.
Team NEO advances Northeast Ohio’s economy by marketing the region’s many assets, attracting new businesses from around the world, building collaboration among the 18-county region’s economic development organizations and linking the region to the state’s JobsOhio program. Since 2007, the organization has attracted 67 new company operations, more than 5,900 new jobs and $243 million in annual payroll to Northeast Ohio, leading to a total annual regional payroll benefit of more than $575 million.

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