Ohio Q4, 2019 Employment Statistics- 302,702 employers, up 1.2% from 299,030
- 5,482,833 employees, up 0.4% from 5,458,393
- $1,037 average weekly wage, up 3.1% from $1,006
- The average weekly wage is 12.5% below the national average
- The cost of living is 9.2% below the national average
Employer & Employee Growth
In the last year, the number of employers in the state increased by 3,672, which is an increase of 1.2%. The number of employees in Ohio increased by 24,440, an increase of 0.4%. During this same period, the average weekly wage increased by $31, an increase of 3.1%.
The number of private employers increased since last years' Q1. The number of private businesses increased by 3,546 or 1.2%. Growth in private businesses in Ohio grew slower than the national average of 2.5%. The number of employees in these businesses increased since last years' Q1, increasing by 15,500 or 0.3%. The growth in employees of private businesses in Ohio was slower than the national average of 1.2%.
The average weekly wage of employees of private businesses increased since last years' Q1. The averge weekly wage increased by $29 or 2.9%. Growth in average weekly wage of employees of private businesses in Ohio grew slower than the national average of 3.8%.
Leading Sectors
Businesses by Sector
The sector with the greatest number of businesses in the state is Retail trade with 11.6% of the businesses in the state. The number of businesses in this sector declined by 0.4%. Professional services (11.3%), which increased by 2.3% and Healthcare (10.7%), which increased by 2.8%, round out the 3 largest sectors.
Table: Sectors by Year-over-Year Qtly Business Change %
| Sector | Change Biz | % Change |
|---|---|---|
| Information | 320 | 6.8% |
| Transport and warehousing | 307 | 3.5% |
| Utilities | 19 | 3.2% |
| Real estate and rental | 350 | 3.1% |
| Company management | 65 | 3.0% |
| Agriculture and forestry | 45 | 2.8% |
| Healthcare | 880 | 2.8% |
| Professional services | 783 | 2.3% |
| Accommodation and food services | 387 | 1.6% |
| Mining and oil extraction | 14 | 1.6% |
| Construction | 291 | 1.3% |
| Arts and entertainment | 43 | 1.1% |
| Educational services | 28 | 0.9% |
| Waste services | 77 | 0.4% |
| Other services | 79 | 0.3% |
| Manufacturing | 50 | 0.3% |
| Wholesale trade | -37 | -0.2% |
| Retail trade | -158 | -0.4% |
| Finance and insurance | -179 | -1.0% |
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, had an increase in employees of 1.1% in the last year. Manufacturing (12.7%), decreased by 1.0% and Retail trade (10.4%), decreased by 0.7%, round out the top 3 sectors.Table: Sectors by Year-over-Year Qtly Employee Change %
| Sector | Employee Change | % Change |
|---|---|---|
| Transport and warehousing | 16,816 | 8.0% |
| Real estate and rental | 1,731 | 2.7% |
| Construction | 4,856 | 2.1% |
| Arts and entertainment | 1,491 | 2.1% |
| Agriculture and forestry | 249 | 1.5% |
| Professional services | 4,030 | 1.5% |
| Healthcare | 8,912 | 1.1% |
| Accommodation and food services | 1,320 | 0.3% |
| Other services | 435 | 0.3% |
| Wholesale trade | 217 | 0.1% |
| Company management | -231 | -0.2% |
| Waste services | -2,283 | -0.7% |
| Retail trade | -4,072 | -0.7% |
| Manufacturing | -7,268 | -1.0% |
| Finance and insurance | -3,198 | -1.4% |
| Utilities | -402 | -2.1% |
| Information | -1,602 | -2.3% |
| Educational services | -5,169 | -5.2% |
| Mining and oil extraction | -727 | -6.2% |
Average Weekly Wage by Sector
The sector that pays their employees the highest is Company management paying $1,973per week compared with the state average of $1,027. Weekly wages in this sector rose by $29 or 1.5%. Utilities ($1,819), declined by $90 or 4.7% and Professional services ($1,639) increased by $50 or 3.1% round out the 3 largest sectors.Table: Sectors by Year-over-Year Weekly Wage Change %
| Sector | Wage Change | Change % |
|---|---|---|
| Arts and entertainment | $62 | 7.8% |
| Finance and insurance | $98 | 6.6% |
| Information | $78 | 5.8% |
| Educational services | $32 | 4.5% |
| Construction | $58 | 4.5% |
| Real estate and rental | $42 | 4.2% |
| Waste services | $27 | 3.9% |
| Accommodation and food services | $13 | 3.8% |
| Retail trade | $19 | 3.4% |
| Healthcare | $32 | 3.3% |
| Professional services | $50 | 3.1% |
| Other services | $14 | 2.1% |
| Wholesale trade | $30 | 2.1% |
| Manufacturing | $20 | 1.6% |
| Company management | $29 | 1.5% |
| Mining and oil extraction | $19 | 1.3% |
| Agriculture and forestry | $7 | 0.9% |
| Transport and warehousing | $-16 | -1.6% |
| Utilities | $-90 | -4.7% |
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 6.5% of the businesses in the state (with 19,665 employing 410,640 workers). The Restaurants and other eating places industry had 339 more businesses, an increase of 1.8% in the last year. Computer systems design and related services (3.0% of businesses) added 221 businesses, an increase of 2.5% and Offices of physicians (2.3% of businesses) added 134 businesses, an increase of 1.9% round out the 3 industries with the most businesses.Table: Top 7 Industries by Business Change %
| Industry | Business Chg | % Change |
|---|---|---|
| Trusts estates and agency accounts | 41 | 74.5% |
| Emergency and other relief services | 27 | 67.5% |
| Other consumer goods rental | 235 | 49.7% |
| General medical and surgical hospitals | 100 | 43.9% |
| Nonwoven fabric mills | 3 | 42.9% |
| Open-end investment funds | 2 | 40.0% |
| Cement manufacturing | 4 | 36.4% |
Table: Top 7 Industries by Business Change #
| Industry | Business Chg | % Change |
|---|---|---|
| Restaurants and other eating places | 339 | 1.8% |
| Accounting and bookkeeping services | 244 | 6.0% |
| Other consumer goods rental | 235 | 49.7% |
| Computer systems design and related services | 221 | 2.5% |
| Services for the elderly and disabled | 216 | 11.4% |
| Software publishers | 181 | 18.1% |
| Offices of real estate agents and brokers | 159 | 6.1% |
Employees by Industry
Computer systems design and related services (3.0% of employees) added 221 employees, an increase of 2.5% and Offices of physicians (2.3% ofemployees) added 134 employees, an increase of 1.9% round out the 3 industries with the most employees.Table: Top 7 Industries by Employee Change %
| Industry | Emp Chg | % Change |
|---|---|---|
| Other performing arts companies | 60 | 499.4% |
| Poultry product merchant wholesalers | 632 | 192.0% |
| Hay farming | 23 | 102.3% |
| Local messengers and local delivery | 1,774 | 84.8% |
| Business service centers | 1,665 | 63.2% |
| Jewelry and silverware manufacturing | 124 | 52.5% |
| Food crops grown under cover | 177 | 50.3% |
Table: Top 7 Industries by Employee Change #
| Industry | Emp Chg | % Change |
|---|---|---|
| General warehousing and storage | 12,389 | 21.9% |
| General medical and surgical hospitals | 4,859 | 2.0% |
| Couriers and express delivery services | 2,679 | 9.8% |
| Telephone call centers | 1,963 | 10.5% |
| Commercial banking | 1,870 | 3.9% |
| Electronic shopping and mail-order houses | 1,808 | 8.8% |
| Services for the elderly and disabled | 1,776 | 4.5% |
Average Weekly Wage by Industry
The industry that pays their employees the most is Spectator sports, paying $7,712 compared with the state average of $1,027. Employees in the Spectator sports industry were paid $1,790 more per week, an increase of 30.2% in the last year. Investment banking and securities dealing ($4,258) and Other depository credit intermediation ($3,507) round out the top 3 industries. Employees in the Investment banking and securities dealing ($4,258 per week) were paid $201 more per week, an increase of 5.0% and Other depository credit intermediation ($3,507 per week) were paid $1,819 more per week, an increase of 107.8% round out the 3 industries that pay their employees the most.Table: Top 7 Industries by Wage Change %
| Industry | Wkly Chg | % Change |
|---|---|---|
| Other depository credit intermediation | $1,819 | 107.8% |
| Educational support services | $404 | 70.1% |
| Independent artists writers and performers | $448 | 64.4% |
| Agents and managers for public figures | $724 | 57.4% |
| Libraries and archives | $333 | 56.0% |
| Other financial vehicles | $1,106 | 53.9% |
| Motion picture and video production | $432 | 43.2% |
Table: Top 7 Industries by Wage Change $
| Industry | Wkly Chg | % Change |
|---|---|---|
| Other depository credit intermediation | $1,819 | 107.8% |
| Spectator sports | $1,790 | 30.2% |
| Other financial vehicles | $1,106 | 53.9% |
| Agents and managers for public figures | $724 | 57.4% |
| Trusts estates and agency accounts | $489 | 18.7% |
| Financial transaction processing and clearing | $464 | 34.2% |
| Independent artists writers and performers | $448 | 64.4% |
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 268,747 small businesses in the state represent 94.0% of all private businesses. The national average is 91.2%. (Small businesses have fewer than 50 employees, Solopreneurs employ fewer than 5.) Ohio added 3,155 businesses in the last year, an increase of 1.1% as compared to the national average of 3.0%.Small businesses are defined as companies with fewer than 50 employees. These small businesses added 3,112 businesses in the last year, which is an increase of 1.2% as compared to the national average of 3.1%.
Mid-sized businesses are defined as companies with between 50 and 499 employees. These mid-sized businesses added 51 businesses in the last year, which is an increase of 0.3% as compared to the national average of 1.3%.
Large businesses are defined as companies with more than 500 employees. These large businesses declined 8 businesses in the last year, which is a decrease of 1.2% as compared to the national average of 2.1%.
Ohio Employees by Business Size
Ohio added 112,049 employees in the last year, an increase of 2.5% as compared to the national average of 5.2%. Small businesses are defined as companies with fewer than 50 employees. These small businesses added 83,644 businesses in the last year, which is an increase of 45.2% as compared to the national average of 4.2%.Mid-sized businesses are defined as companies with between 50 and 499 employees. Mid-sized businesses added 21,357 employees in the last year, which is an increase of 1.1% as compared to the national average of 4.7%.
Large businesses are defined as companies with more than 500 employees. Large businesses added 7,048 employees in the last year, which is an increase of 0.9% as compared to the national average of 9.2%.
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 0.5% less than the national average ($1,000 per week as compared to the national average of $1,005 per week). The largest companies in Ohio (those with more than 1,000 employees) pay 24.1% workers below the national average ($1,541 per week as compared to the national average of $1,913 per week).Average weekly wages in small businesses added $85 per week in the last year, which is an increase of 2.5% as compared to the national average of 3.1%. Employees of mid-sized businesses added $90 in wages per week in the last year, which is an increase of 3.0% as compared to the national average of 1.3%.
Employees of large businesses added $96 of weekly wages in the last year, which is an increase of 3.3% as compared to the national average of 2.1%.
Top Industries for Business and Employment
The table below illustrates the largest industries in the state, by number of businesses:Table: Top 10 Industries by # of Businesses
| Industry | # Businesses | % Change |
|---|---|---|
| Restaurants and other eating places | 19,665 | 1.8% |
| Computer systems design and related services | 9,146 | 2.5% |
| Offices of physicians | 7,074 | 1.9% |
| Insurance agencies and brokerages | 5,238 | -0.1% |
| Management consulting services | 5,190 | 3.1% |
| Wholesale trade agents and brokers | 5,119 | -7.3% |
| Residential building construction | 4,756 | 1.3% |
| Offices of lawyers | 4,652 | -0.5% |
| Accounting and bookkeeping services | 4,317 | 6.0% |
| Landscaping services | 4,194 | 1.8% |
The table below illustrates the largest industries in the state, by number of employees:
Table: Top 10 Industries by # of Employees
| Industry | # Employees | % Change |
|---|---|---|
| Restaurants and other eating places | 410,640 | 0.2% |
| General medical and surgical hospitals | 249,693 | 2.0% |
| Management of companies and enterprises | 140,393 | -0.2% |
| Temporary help services | 119,278 | -4.3% |
| Offices of physicians | 97,186 | 1.5% |
| Nursing care facilities skilled nursing | 92,167 | -1.2% |
| Supermarkets and other grocery stores | 83,135 | -2.0% |
| General merchandise stores including warehouse clubs and supercenters | 77,806 | -0.4% |
| General warehousing and storage | 68,793 | 21.9% |
| Computer systems design and related services | 65,344 | 2.6% |
The table below illustrates the largest industries in the state, by highest wages:
Table: Top 10 Industries by Weekly Wage
| Industry | Wkly Wages | % Change |
|---|---|---|
| Spectator sports | $7,712 | 30.2% |
| Investment banking and securities dealing | $4,258 | 5.0% |
| Other depository credit intermediation | $3,507 | 107.8% |
| Open-end investment funds | $3,331 | -26.4% |
| Other financial vehicles | $3,158 | 53.9% |
| Trusts estates and agency accounts | $3,108 | 18.7% |
| Coal and other mineral merchant wholesalers | $2,995 | 5.8% |
| Portfolio management | $2,889 | 8.3% |
| Miscellaneous intermediation | $2,870 | -30.9% |
| Securities brokerage | $2,717 | -2.2% |
Data Sources
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