Top 10 Projected Job Openings in Production Occupations

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NEO Regional Economic Trends

10/21/2014

The NEO System:

Metro and Regional EDOs

Team NEO

Purpose

Enhance Northeast Ohio’s

Competitive Advantage

1

2

Regional

Marketing

Functions

Build Regional Teamwork

3

Business

Attraction

4

Regional Business

Development

JobsOhio Linkage

Partners/Funders: The Greater Team

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5

The JobsOhio Regional Network

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The Northeast Ohio Economy

• 18 counties

• 4 million people

• 2+ million person workforce

• Gross Product of nearly $200 billion

(slightly smaller than Ireland)

• 19 Fortune 1000 Companies

Commuting Patterns in Northeast Ohio: 2013

% of Workforce from Another County

90%

% of Residents Working Outside the County

Portage

Medina

Lorain

Mahoning

Lake

Huron

Geauga

Wayne

Tuscarawas

Trumbull

Summit

Stark

Richland

Erie

Cuyahoga

Columbiana

Ashtabula

Ashland

70% 50% 30% 10% 10% 30% 50% 70%

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The NEO Economy Historically:

Two Decades of Transition

1990-2012 Manufacturing Hit Hard, NEO Diversifies

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1990-2012: Strong Growth in GRP

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NEO Performing More Like the US

NEO vs US Employment Through Recessions: 1981 vs 2007

(NEO = Solid, US - Dashed)

1,15

1,1

1,05

1

0,95

0,9

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6

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81-82

07-09

Non-Manufacturing Sectors with Highest Post-

Recession Growth in Employment

General medical and surgical hospitals

Data processing & Hosting

Scientific & technical consulting services

Colleges; universities; and professional schools

Headquarters

Computer systems design and related services

Real Estate

Business support services

Oil and gas extraction

Software publishers

0% 10% 20% 30% 40% 50%

15,3%

7,3%

20,8%

8,8%

Northeast Ohio Educational Attainment

2,1%

10,5%

Less Than 9th Grade

9th Grade to 12th Grade

High School Diploma

Some College

35,2%

Associate's Degree

Bachelor's Degree

Graduate Degree and Higher

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Encouraging Trends in Education

• 35 percent of the region's 25 to 44 year olds hold a college degree, a rate well above the national norm

We rank 7th nationally, ahead of San Francisco, Chicago,

Seattle and Austin, for professional and graduate degrees

• From 2003 to 2012, per capita income in the region rose from $33,359 to $44,775

• We gained about 63,000 college-educated residents from

2002 to 2012, and lost 74,000 people with no such degree.

The NEO Economy of the Future:

Where Will Growth Come From?

Strong Healthcare Growth, Manufacturing Flat

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Manufacturing Continues to Drive GRP

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150,000 new jobs projected in next decade

780,000 job openings by 2022

Healthcare, Business and Finance are leading growth sectors

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Top 10 Projected Job Openings in Business and Financial

Occupations: 2013-2023

Claims Adjusters, Appraisers, Examiners, and Investigators

Cost Estimators

Credit Counselors and Loan Officers

Management Analysts

Buyers and Purchasing Agents

Financial Analysts and Advisors

Human Resources Workers

Miscellaneous Business Operations Specialists

Market Research Analysts and Marketing Specialists

Accountants and Auditors

0 1 000 2 000 3 000 4 000 5 000

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Top 10 Projected Job Openings in Healthcare Occupations:

2013-2023

Dental Hygienists

Clinical Laboratory Technologists and Technicians

Emergency Medical Technicians and Paramedics

Pharmacists

Diagnostic Related Technologists and Technicians

Health Practitioner Support Technologists and Technicians

Physicians and Surgeons

Therapists

Licensed Practical and Licensed Vocational Nurses

Registered Nurses

0 5 000 10 000 15 000 20 000

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Top 10 Projected Job Openings in Production Occupations:

2013-2023

Forming Machine Setters, Operators, and Tenders, Metal and

Plastic

Butchers and Other Meat, Poultry, and Fish Processing Workers

First-Line Supervisors of Production and Operating Workers

Computer Control Programmers and Operators

Machine Tool Cutting Setters, Operators, and Tenders, Metal and

Plastic

Inspectors, Testers, Sorters, Samplers, and Weighers

Welding, Soldering, and Brazing Workers

Machinists

Miscellaneous Production Workers

Miscellaneous Assemblers and Fabricators

0 2 000 4 000 6 000 8 000

Median Hourly Earnings in Occupation Groups with the

Most Projected Job Openings by 2023

Food Preparation and Serving Related Occupations

Healthcare Support Occupations

Transportation and Material Moving Occupations

Sales and Related Occupations

Office and Administrative Support Occupations

Production Occupations

Education, Training, and Library Occupations

Business and Financial Operations Occupations

Healthcare Practitioners and Technical Occupations

Management Occupations

$0,00 $10,00 $20,00 $30,00 $40,00 $50,00

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