Last Updated :
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August 31, 2020
Ohio Employment Statistics- 297,332 employers
- 5,404,815 employees
- $973 average weekly wage
- The average weekly wage is 11.6% below the national average
- The cost of living is 7.2% below the national average
Types of Employers (Private Sector vs Government Agency)
As an employer in Ohio, you are most likely to be running a private company rather than a government agency. 95.2% of employers run private companies in the state, 1.8% less than the national average of 97.0. The remaining 4.8% of employers are government agencies: 0.6% work in a federal agency, 0.4% work for the state and 3.8% work for local government. The chart below illustrates the breakout of employers by type.
86.7% of employees work for a private company, this is 1.5% greater than the national average of 85.2%. Local government agencies employ 9.4% of the workers in the state, state government agencies employ 2.4% of the workers and the federal government employs 1.5%. The percentage of employees working for a government agency (13.3%) is 1.5% lower than the national average. The chart below illustrates the breakout of employees by type of employer.
The average weekly wage in Ohio is $973 per week, which is 11.6% greater than the national average of $1,101 per week. Ohio workers that are employed by private businesses earn $961 per week, 12.6% lower than the national average for private company employees. Employees of federal government agencies in Ohio earn $1,510 per week, a premium of 57.1% compared to what employees of private companies earn. The chart below illustrates the average weekly by type of employer.
Leading Sectors
Businesses by Sector
The sector with the greatest number of businesses in the state is Retail trade with 11.9% of the businesses in the state. Professional services (11.1%) and Healthcare (10.5%) round out the top 3 sectors.
Table: Sectors by # of Businesses
| Sector | # Businesses | % of Bus. |
|---|
| Retail trade | 35,280 | 11.9% |
| Professional services | 33,127 | 11.1% |
| Healthcare | 31,229 | 10.5% |
| Accommodation and food services | 24,505 | 8.2% |
| Wholesale trade | 24,038 | 8.1% |
| Other services | 23,534 | 7.9% |
| Construction | 23,059 | 7.8% |
| Waste services | 17,918 | 6.0% |
| Finance and insurance | 17,509 | 5.9% |
| Manufacturing | 15,406 | 5.2% |
| Real estate and rental | 11,265 | 3.8% |
| Transport and warehousing | 8,658 | 2.9% |
| Information | 4,613 | 1.6% |
| Arts and entertainment | 4,002 | 1.3% |
| Educational services | 3,263 | 1.1% |
| Company management | 2,187 | 0.7% |
| Agriculture and forestry | 1,609 | 0.5% |
| Mining and oil extraction | 860 | 0.3% |
| Utilities | 596 | 0.2% |
| Unclassified | 334 | 0.1% |
Employees by Sector
The sector with the greatest number of employees in the state is
Healthcare with 15.0% of the employees in the state.
Manufacturing (12.9%) and
Retail trade (10.4%) round out the top 3 sectors.
Table: Sectors by # of Employees
| Sector | # Employees | % of Emp' |
|---|
| Healthcare | 808,545 | 15.0% |
| Manufacturing | 698,974 | 12.9% |
| Retail trade | 563,806 | 10.4% |
| Accommodation and food services | 484,855 | 9.0% |
| Waste services | 327,931 | 6.1% |
| Professional services | 262,791 | 4.9% |
| Wholesale trade | 234,780 | 4.3% |
| Finance and insurance | 227,200 | 4.2% |
| Construction | 220,699 | 4.1% |
| Transport and warehousing | 198,813 | 3.7% |
| Other services | 156,658 | 2.9% |
| Company management | 140,746 | 2.6% |
| Educational services | 95,514 | 1.8% |
| Arts and entertainment | 81,790 | 1.5% |
| Information | 70,959 | 1.3% |
| Real estate and rental | 64,148 | 1.2% |
| Utilities | 19,111 | 0.4% |
| Agriculture and forestry | 16,665 | 0.3% |
| Mining and oil extraction | 11,860 | 0.2% |
| Unclassified | 460 | 0.0% |
Average Weekly Wage by Sector
The sector that pays their employees the highest is
Company management paying $2,096per week compared with the state average of $961.
Utilities ($1,941) and
Finance and insurance ($1,534) round out the top 3 sectors.
Table: Wages by Sector
| Sector | Wkly Wage | vs St Avg. |
|---|
| Company management | $2,096 | 218.1% |
| Utilities | $1,941 | 202.0% |
| Finance and insurance | $1,534 | 159.6% |
| Professional services | $1,453 | 151.2% |
| Mining and oil extraction | $1,409 | 146.6% |
| Wholesale trade | $1,380 | 143.6% |
| Information | $1,348 | 140.3% |
| Manufacturing | $1,182 | 123.0% |
| Construction | $1,177 | 122.5% |
| Transport and warehousing | $974 | 101.4% |
| Real estate and rental | $934 | 97.2% |
| Healthcare | $915 | 95.2% |
| Unclassified | $903 | 94.0% |
| Educational services | $704 | 73.3% |
| Agriculture and forestry | $680 | 70.8% |
| Waste services | $679 | 70.7% |
| Arts and entertainment | $667 | 69.4% |
| Other services | $654 | 68.1% |
| Retail trade | $551 | 57.3% |
| Accommodation and food services | $325 | 33.8% |
Leading Industries
Businesses by Industry
Each broad sector is made up of specific industries. In Ohio. the industry with the most businesses is
Restaurants and other eating places with 6.4% of the businesses in the state (with 19,167 employing 411,702 workers).
Computer systems design and related services (2.9%) and
Offices of physicians (2.3%) round out the top 3 industries. The Top 10 Industries in the state are:
| Industry | # Businesses | Emp/Biz |
|---|
| Restaurants and other eating places | 19,167 | 21.5 |
| Computer systems design and related services | 8,707 | 7.2 |
| Offices of physicians | 6,878 | 13.7 |
| Wholesale trade agents and brokers | 5,618 | 3.0 |
| Insurance agencies and brokerages | 5,259 | 5.3 |
| Management consulting services | 4,922 | 6.1 |
| Offices of lawyers | 4,685 | 6.0 |
| Residential building construction | 4,632 | 4.3 |
| Landscaping services | 4,127 | 7.0 |
| Accounting and bookkeeping services | 4,051 | 7.5 |
Employees by Industry
The industry with the greatest number of employees in the state is
Restaurants and other eating places with 7.6% of the businesses in the state. The industry employs 411,702 in 19,167 businesses, there are 21.5 employees on average in each of these businesses.
General medical and surgical hospitals (4.5%) and
Management of companies and enterprises (2.6%) round out the top 3 industries.
Table: Industries by # of Employees
| Industry | # Emp | Emp/Biz |
|---|
| Restaurants and other eating places | 411,702 | 21.5 |
| General medical and surgical hospitals | 243,916 | 1,103.7 |
| Management of companies and enterprises | 140,746 | 64.4 |
| Temporary help services | 119,832 | 55.5 |
| Offices of physicians | 94,096 | 13.7 |
| Nursing care facilities skilled nursing | 93,701 | 87.5 |
| Supermarkets and other grocery stores | 85,446 | 45.3 |
| General merchandise stores including warehouse clubs and supercenters | 76,642 | 35.8 |
| Home health care services | 63,899 | 33.2 |
| Computer systems design and related services | 62,608 | 7.2 |
Average Weekly Wage by Industry
The industry that pays their employees the most is
Investment banking and securities dealing, paying $4,171 compared with the state average of $961.
Spectator sports ($3,712) and
Open-end investment funds ($3,293) round out the top 3 industries.
Table: Wages by Industry
| Industry | Wkly Wage | % of Avg |
|---|
| Investment banking and securities dealing | $4,171 | 434.0 |
| Spectator sports | $3,712 | 386.3 |
| Open-end investment funds | $3,293 | 342.7 |
| Miscellaneous intermediation | $3,133 | 326.0 |
| Securities brokerage | $2,978 | 309.9 |
| Portfolio management | $2,806 | 292.0 |
| Petroleum refineries | $2,727 | 283.8 |
| Soap and cleaning compound manufacturing | $2,670 | 277.8 |
| Nonscheduled air transportation | $2,500 | 260.1 |
| Credit bureaus | $2,300 | 239.3 |
Company Size
Ohio Businesses by Size
The
solopreneur company, has the most businesses in Ohio. 53.7% of all businesses in the state have fewer than 5 employees. The 266,157 small businesses in the state represent 94.0% of all private businesses. The national average is 92.6%. (Small businesses have fewer than 50 employees, Solopreneurs employ fewer than 5.) The pie chart below illustrates the ratio of business sizes.
Ohio Employees by Business Size
The largest companies in the state represent 184.0% of all employees, which is 45.5% higher than the national average of 138.4%. Smallest companies also employ a lower percentage of the states workforce than the largest companies. The
solopreneur (those that employ fewer than 5) companies employ 84.4% of all workers, which is 7.1% lower than the national average of 91.5%. All small companies, those employing fewer than 50 people, represent 662.7% of the labor force in the state, 112.6% more than the national average of 550.0%.
Ohio Avg Weekly Wages by Business Size
Ohio workers in every size business are paid less than the national average. The smallest companies in Ohio (those with fewer than 5 employees) pay workers 0.2% less than the national average ($973 per week as compared to the national average of $975 per week). The largest companies in Ohio (those with more than 1,000 employees) pay 27.2% workers below the national average ($1,480 per week as compared to the national average of $1,882 per week).
Data Sources
About the Writer
This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.