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.