{"id":821,"date":"2013-05-20T00:00:00","date_gmt":"2013-05-20T04:00:00","guid":{"rendered":"https:\/\/www.teamneo.org\/news-press-and-updates\/q2-2013-quarterly-economic-review\/"},"modified":"2022-02-08T18:55:02","modified_gmt":"2022-02-08T18:55:02","slug":"q2-2013-quarterly-economic-review","status":"publish","type":"news","link":"https:\/\/northeastohioregion.com\/news\/q2-2013-quarterly-economic-review\/","title":{"rendered":"Q2 2013 Quarterly Economic Review"},"content":{"rendered":"
\n

Northeast Ohio 2022 Employment Projected to be at Highest Point
\nin the Past 20 Years<\/h2>\n

Employment is projected to be at 2.57 million workers by 2022,
\nits highest point in the past 20 years, reports the quarterly
\nCleveland Plus Economic Review released today by Team NEO.
\nOccupations with the most job openings through 2022 include
\nhealthcare, office and similar occupations, and production.<\/p>\n

\u201cJobs are projected to grow by 150,000 by 2022, surpassing
\nthe job declines of the last decade,\u201d said Tom Waltermire,
\nCEO of Team NEO. \u201cOverall, more than 780,000 total jobs
\nopenings are expected by 2022 due to new job creation and
\nturnover.\u201d<\/p>\n

Statistics from the report include:<\/p>\n

\u2022 Occupations With Largest Growth Include Healthcare and
\nBusiness and Finance\u00a0
\n\u00a0 \u00a0 o Topping the list of occupations projected to add
\njobs from 2012-2022 in Northeast Ohio include healthcare with
\n45,000 new jobs and business and finance with 22,000 job
\nadditions.<\/p>\n

\u2022 Sales and Administration Lead Total Job Openings (New and
\nReplacement Jobs)
\n\u00a0 \u00a0 o Leading the way in overall job openings from 2012
\nto 2022 are sales, with 110,000 openings and office and
\nadministration, with 94,000.
\n\u00a0 \u00a0 o Other occupations projected to grow include
\nhealthcare with 85,000. Production, despite gradual declines in
\nproduction employment, also is projected to add more than 47,000
\njobs due to turnover.\u00a0<\/p>\n

\u2022 Most Occupation Sectors Expected to Improve by 2022
\n\u00a0 \u00a0 o Administration, with office and similar positions,
\nis projected to be the largest sector with 350,000 jobs, and sales,
\nwith more than 325,000 positions. Both of these occupations
\nexperienced declines from 2002 to 2012 but are projected to grow
\nfrom 2012-2022
\n\u00a0 \u00a0 o Overall healthcare jobs are projected to account
\nfor 275,000 jobs by 2022, with healthcare support positions
\nprojected to grow 27%, personal care by 22% and healthcare
\npractitioner positions up 14%
\n\u00a0 \u00a0 o Production, which declined 21% from 2002 to 2012 is
\nprojected to decline at a slower rate of 11% over the next decade
\nand will still employ nearly 180,000 people
\n\u00a0 \u00a0 o While management jobs declined throughout the
\n2000s, they are projected to rebound and grow 6%, making up nearly
\n140,000 jobs<\/p>\n

\u2022 All Sectors See Year-Over-Year Growth
\n\u00a0 \u00a0 o All major sectors grew in Q1 2013: Services gained
\n34,000 jobs year-over-year, construction gained more than 5,000
\njobs; government (1,500 jobs gained) and manufacturing (500 jobs
\nadded) remained steady\u00a0<\/p>\n

\u2022 Well Activity Increasing in Ohio
\n\u00a0 \u00a0 o \u00a0In Q1 2013, 109 wells were permitted,
\nsignaling the coming increase in drilling activity<\/p>\n

Team NEO publishes the Cleveland Plus Economic Review quarterly to
\nprovide a holistic picture of Northeast Ohio\u2019s economy. It is
\nthe only regular source of collective economic data for the
\n18-county region. The nonprofit organization uses the information
\nto attract new businesses and jobs to the Cleveland Plus
\nregion.<\/p>\n

Team NEO uses Moody\u2019s Economy.com and US Bureau of Labor
\nStatistics data and Ohio\u2019s Labor Marketing Information to
\naggregate regional figures.
\nTeam NEO advances Northeast Ohio\u2019s economy by marketing the
\nregion\u2019s many assets, attracting new businesses from around
\nthe world, building collaboration among the 18-county
\nregion\u2019s economic development organizations and linking the
\nregion to the state\u2019s JobsOhio program. Since 2007, the
\norganization has attracted 67 new company operations, more than
\n5,900 new jobs and $243 million in annual payroll to Northeast
\nOhio, leading to a total annual regional payroll benefit of more
\nthan $575 million.<\/p>\n

\n
    \n
  • \neconomic data<\/li>\n
  • \nQER<\/li>\n
  • \nemployment<\/li>\n<\/ul>\n<\/div>\n<\/div>\n","protected":false},"featured_media":0,"template":"","categories":[6,7],"tags":[],"class_list":["post-821","news","type-news","status-publish","hentry","category-press-releases","category-quarterly-economic-reviews"],"acf":[],"_links":{"self":[{"href":"https:\/\/northeastohioregion.com\/wp-json\/wp\/v2\/news\/821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/northeastohioregion.com\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/northeastohioregion.com\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/northeastohioregion.com\/wp-json\/wp\/v2\/news\/821\/revisions"}],"predecessor-version":[{"id":12661,"href":"https:\/\/northeastohioregion.com\/wp-json\/wp\/v2\/news\/821\/revisions\/12661"}],"wp:attachment":[{"href":"https:\/\/northeastohioregion.com\/wp-json\/wp\/v2\/media?parent=821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/northeastohioregion.com\/wp-json\/wp\/v2\/categories?post=821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/northeastohioregion.com\/wp-json\/wp\/v2\/tags?post=821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}