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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