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Employment gains in the region

Employment in Northeast Ohio continues to grow, up 40,000 jobs from Q1 2013 and 3,000 jobs year-over-year, according to the 2013 Q2 Regional Economic Report released today.

This includes a steady gain in Northeast Ohio headquarters employment, from 19,000 employees in 1990 to nearly 49,000 in 2013.

While headquarters employment makes up about 3 percent of Northeast Ohio employment, it represents more than 6 percent of all wages in the region. (Source: Economy.com) 

Meanwhile, unemployment in Northeast Ohio is lower than the national rate. With an unemployment rate of 7.1 percent in Q2 2013, Northeast Ohio is similar to the state of Ohio with a 7.0 percent rate and lower than the U.S. rate of 7.4 percent. (Source: Current Population Survey, a survey of 60,000 households nationwide.) 

Click here to read more in the report. A Greater Cleveland Partnership (GCP) external partner, Team NEO is part of the regional economic development system that GCP helped to create and continues to support.