Ohio’s Greatest Asset Can Be Yours Too
To compete successfully around the globe, companies must have access to top-level talent. Ohio’s world-class universities, community colleges and trade schools, workforce training programs, partnerships and apprenticeship strategies complement the Midwest work ethic of Ohioans. The result is a workforce that is educated, committed, skilled and productive, and able to meet the needs of a variety of employers, including advanced manufacturers, financial services firms and healthcare providers.
Ohio’s talent pipeline meets the demands of today and is prepared for the needs of the future.
Population and Workforce
- Total population: 11.66 million, the 7th largest in the U.S.
- Workforce: Over 5.6 million
- Private sector employment: 4.9 million
- Cost of talent: 12 percent below national average
- Ohio ranked No. 9 in competitive labor environment
- Ohio is No. 7 in leading workforce development programs
With over 5.6 million people in the workforce, Ohio is home to an abundant, vibrant and industrious talent pool that offers a wide variety of skills, from tech-savvy coders to computer numerically controlled (CNC) operators, from engineers and scientists to those in professional services and healthcare. JobsOhio focuses on industries that include advanced manufacturing, aerospace and aviation, automotive, energy and chemicals, financial services, food and agribusiness, healthcare, tech, logistics and distribution.
Below are the trends in workforce and education that show which industries are seeing growth throughout Ohio and providing readily available workers in these areas:
- Ohio’s healthcare sector has outpaced national employment growth for 2012-18, adding approximately 6,000 jobs. Ohio added 6,188 healthcare jobs during this period – more than other regional states except Pennsylvania. Ohio had the second highest percentage change in employment with 8 percent, second only to Kentucky.
Energy and Chemicals
- Ohio's shale energy and petrochemical employment grew more than four times as quickly as the national employment growth between 2012-18 (8.20 percent for Ohio, 2 percent for the U.S). Ohio added more jobs during this period than any of its regional competitors and grew at the second highest pace of 8 percent behind only Michigan at 9 percent.
- Ohio schools granted 67 percent more annual degrees and certificates for chemistry, petroleum engineering, chemical engineering, and similar programs from 2010-17, second in the region.
- There was a 165 percent increase in annual degrees granted for computer engineering in Ohio from 2006-17, the highest in the Midwest.
- Ohio is No. 1 in the region with 57,565 people employed in the state’s plastic and rubber manufacturing industry representing the largest plastic and rubber talent pool in the U.S. Ohio is also No. 1 in plastic and rubber manufacturing in both the U.S. and the region.
- Ohio’s talent availability for 3-D printing industry is almost 200 percent higher than the U.S. average, the third highest in the Midwest.
Education and Training
Ohio’s workforce receives education and training from nationally recognized institutions that create programs around modern industry needs.
- There are 54 Ohio Technical Centers that awarded 6,981 credential, certificates or degrees for FY17.
- Four Ohio universities are among the top 100 in the world for patents issued in the United States to protect new inventions -the second highest in the region. These universities are: Ohio State University, Case Western Reserve University, University of Akron and the University of Toledo
Strong Wage Growth Benefits Ohioans
Ask most executives why they choose to locate in Ohio and they’ll likely tell you it is due to Ohio’s talent who possess the proverbial Midwest work ethic: the ingenuity to creatively solve problems and the perseverance to see a solution get implemented.
With a workforce of over 5.8 million, Ohio's skilled talent will be the foundation by which many organizations build their future.
JobsOhio recognizes the headwinds Ohio must address regarding slow population growth that much of the country faces, and steps are being taken to address such matters. However, there are notable gains that JobsOhio will build upon in the coming years.
Ohio gained more than 110,000 young professionals, between the ages of 20-34, from 2010 to 2018 which is the equivalent growth of Illinois, Indiana, Wisconsin, Kentucky and Alabama combined. Additionally, STEM workforce growth is up 19 percent, which is favorable to regional states as well as to the U.S. According to Michael Jones of the University of Cincinnati Department of Economics, “Ohio’s economic competitiveness can be strengthened through continued efforts to foster new business growth, innovation and increases in STEM talent.”
The private sector workforce in Ohio continues to see incomes growing faster than the U.S. and region. Private sector wage growth in Ohio can be attributed to a number of factors, including growth of jobs in new and emerging sectors, such as white collar jobs and a low unemployment rate.
With a continued diversification of the economy including growth in technology, financial services and healthcare jobs as well as upskilling of the manufacturing workforce to support emerging technologies, wage growth will be something to continue to monitor. In someregard, Ohio is catching up from years that trailed in relation to the region and state wages, but it would be remiss to discredit them given the progress that has been made in upskilling the talent and the jobs of the future.
With wage growth comes a median household income and higher disposable income that lifts the overall economy in Ohio. The median household income in Ohio has increased 15.6 percent from 2010-2017 which significantly outpaces regional states and the U.S. Per capital disposable personal income growth in Ohio exceeded the region and the U.S. over the last seven years increasing available income for spending.
Further reinforcing the increase in available disposable income, Ohio’s composite cost of living index was significantly lower than the national and regional average in 2018.
Ohio is an innovative state with a stable economy and welcoming communities. Its workforce is dedicated and loyal, turning Ohio’s greatest asset into a company’s greatest asset when they choose to invest in Ohio. With an affordable cost of living and growing wages, employees will enjoy a higher quality of life.
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Learn More about Why Businesses are Making Ohio Home
Ohio’s well-trained and skilled workforce is making a difference for every company investing in the state. Click the images below to learn more about why businesses are building a home in Ohio.