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
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.