northeastern ohio manufacturing rebounds

Northeastern Ohio to Add 20,700 Jobs Over 5 years

CLEVELAND, Ohio – A study from economic development agency Team NEO projects northeastern Ohio to add 20,700 jobs across all sectors over the next five years, including 8,500 new health-care jobs.

In addition, more than 1 million replacement workers will be needed in that same time, including 160,000 office workers, 100,000 in production sectors and 77,000 in health care.

“The landscape for future jobs is shifting as technology plays an increasing pivotal role in our economy,” said Bill Koehler, CEO of Team NEO, in a release. “Specialized skills are needed in areas such as smart manufacturing for the implementation of the industrial Internet of Things.”

In the agency’s quarterly Cleveland Plus Economic Review, Team NEO reported its 18-county region – which includes Mahoning, Trumbull and Columbiana counties – had a total employment of 1.895 million as of the first quarter, up 12,000 from the same period in 2017. Unemployment in the area averaged 4.1%, down from 6.7% in the first quarter of last year.

All sectors, the agency said, added jobs from Q1 2017 to Q1 2018. Construction added more than 2,200 jobs, manufacturing 4,000 jobs and services more than 4,500.

Team NEO’s report uses data from Moody’s Economy.com, the U.S. Bureau of Labor Statistics and Ohio’s Labor Marketing Information.

Copyright 2022 The Business Journal, Youngstown, Ohio.