Ohio Q2, 2019 Employment Statistics- 300,707 employers, up 1.5% from 296,131
- 5,463,749 employees, up 0.6% from 5,428,538
- $965 average weekly wage, up 3.4% from $933
- The average weekly wage is 11.9% 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 4,576, which is an increase of 1.5%. The number of employees in Ohio increased by 35,211, an increase of 0.6%. During this same period, the average weekly wage increased by $32, an increase of 3.4%.
The number of private employers increased since last years' Q1. The number of private businesses increased by 4,488 or 1.6%. Growth in private businesses in Ohio grew slower than the national average of 2.9%. The number of employees in these businesses increased since last years' Q1, increasing by 25,927 or 0.6%. The growth in employees of private businesses in Ohio was slower than the national average of 1.4%.
The average weekly wage of employees of private businesses increased since last years' Q1. The averge weekly wage increased by $33 or 3.6%. 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 11.7% of the businesses in the state. The number of businesses in this sector increased by 0.1%. Professional services (11.2%), which increased by 2.7% and Healthcare (10.7%), which increased by 3.4%, round out the 3 largest sectors.
Table: Sectors by Year-over-Year Qtly Business Change %
| Sector | Change Biz | % Change |
|---|---|---|
| Information | 263 | 5.7% |
| Utilities | 26 | 4.4% |
| Transport and warehousing | 308 | 3.6% |
| Healthcare | 1,058 | 3.4% |
| Agriculture and forestry | 44 | 2.7% |
| Professional services | 885 | 2.7% |
| Real estate and rental | 286 | 2.5% |
| Accommodation and food services | 524 | 2.2% |
| Company management | 42 | 1.9% |
| Construction | 315 | 1.4% |
| Educational services | 40 | 1.2% |
| Arts and entertainment | 43 | 1.1% |
| Waste services | 160 | 0.9% |
| Finance and insurance | 154 | 0.9% |
| Mining and oil extraction | 7 | 0.8% |
| Manufacturing | 82 | 0.5% |
| Other services | 93 | 0.4% |
| Wholesale trade | 55 | 0.2% |
| Retail trade | 24 | 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, had an increase in employees of 1.3% in the last year. Manufacturing (12.9%), increased by 0.6% and Retail trade (10.1%), decreased by 1.9%, round out the top 3 sectors.Table: Sectors by Year-over-Year Qtly Employee Change %
| Sector | Employee Change | % Change |
|---|---|---|
| Transport and warehousing | 6,689 | 3.4% |
| Construction | 6,188 | 2.8% |
| Professional services | 6,854 | 2.6% |
| Real estate and rental | 1,602 | 2.5% |
| Wholesale trade | 3,024 | 1.3% |
| Healthcare | 10,471 | 1.3% |
| Company management | 1,738 | 1.2% |
| Arts and entertainment | 607 | 0.9% |
| Agriculture and forestry | 118 | 0.7% |
| Manufacturing | 4,054 | 0.6% |
| Accommodation and food services | 2,716 | 0.6% |
| Waste services | 851 | 0.3% |
| Other services | -67 | 0.0% |
| Mining and oil extraction | -25 | -0.2% |
| Finance and insurance | -2,315 | -1.0% |
| Retail trade | -10,824 | -1.9% |
| Utilities | -465 | -2.4% |
| Information | -1,864 | -2.6% |
| Educational services | -3,528 | -3.7% |
Average Weekly Wage by Sector
The sector that pays their employees the highest is Company management paying $2,032per week compared with the state average of $952. Weekly wages in this sector rose by $141 or 7.5%. Utilities ($1,837), rose by $86 or 4.9% and Professional services ($1,434) increased by $46 or 3.3% round out the 3 largest sectors.Table: Sectors by Year-over-Year Weekly Wage Change %
| Sector | Wage Change | Change % |
|---|---|---|
| Company management | $141 | 7.5% |
| Educational services | $39 | 5.6% |
| Agriculture and forestry | $35 | 5.5% |
| Utilities | $86 | 4.9% |
| Accommodation and food services | $14 | 4.4% |
| Retail trade | $23 | 4.2% |
| Manufacturing | $40 | 3.6% |
| Waste services | $24 | 3.6% |
| Transport and warehousing | $33 | 3.5% |
| Professional services | $46 | 3.3% |
| Healthcare | $28 | 3.1% |
| Finance and insurance | $39 | 2.8% |
| Wholesale trade | $37 | 2.8% |
| Other services | $18 | 2.8% |
| Real estate and rental | $24 | 2.7% |
| Mining and oil extraction | $27 | 1.9% |
| Construction | $9 | 0.8% |
| Information | $4 | 0.3% |
| Arts and entertainment | $-8 | -1.3% |
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 19,487 employing 420,316 workers). The Restaurants and other eating places industry had 464 more businesses, an increase of 2.4% in the last year. Computer systems design and related services (3.0% of businesses) added 340 businesses, an increase of 4.0% and Offices of physicians (2.3% of businesses) added 146 businesses, an increase of 2.1% 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 | 29 | 82.9% |
| Emergency and other relief services | 28 | 75.7% |
| Other consumer goods rental | 227 | 46.4% |
| General medical and surgical hospitals | 99 | 45.4% |
| Small electrical appliance manufacturing | 3 | 42.9% |
| Materials recovery facilities | 13 | 39.4% |
| Cement manufacturing | 4 | 36.4% |
Table: Top 7 Industries by Business Change #
| Industry | Business Chg | % Change |
|---|---|---|
| Restaurants and other eating places | 464 | 2.4% |
| Computer systems design and related services | 340 | 4.0% |
| Management consulting services | 251 | 5.2% |
| Services for the elderly and disabled | 241 | 13.6% |
| Other consumer goods rental | 227 | 46.4% |
| Offices of real estate agents and brokers | 188 | 7.7% |
| Software publishers | 154 | 16.5% |
Employees by Industry
Computer systems design and related services (3.0% of employees) added 340 employees, an increase of 4.0% and Offices of physicians (2.3% ofemployees) added 146 employees, an increase of 2.1% round out the 3 industries with the most employees.Table: Top 7 Industries by Employee Change %
| Industry | Emp Chg | % Change |
|---|---|---|
| Poultry product merchant wholesalers | 656 | 216.6% |
| Hay farming | 21 | 93.5% |
| Food crops grown under cover | 217 | 59.5% |
| Jewelry and silverware manufacturing | 115 | 46.2% |
| Nonwoven fabric mills | 151 | 43.4% |
| Other support activities for road transport. | 356 | 42.1% |
| Business service centers | 965 | 38.0% |
Table: Top 7 Industries by Employee Change #
| Industry | Emp Chg | % Change |
|---|---|---|
| General medical and surgical hospitals | 5,662 | 2.3% |
| General warehousing and storage | 2,448 | 4.8% |
| Computer systems design and related services | 2,414 | 3.9% |
| Restaurants and other eating places | 2,222 | 0.5% |
| Offices of physicians | 2,012 | 2.2% |
| Telephone call centers | 1,893 | 10.8% |
| Management of companies and enterprises | 1,738 | 1.2% |
Average Weekly Wage by Industry
The industry that pays their employees the most is Other financial vehicles, paying $6,598 compared with the state average of $952. Employees in the Other financial vehicles industry were paid $4,314 more per week, an increase of 188.9% in the last year. Investment banking and securities dealing ($3,540) and Soap and cleaning compound manufacturing ($3,346) round out the top 3 industries. Employees in the Investment banking and securities dealing ($3,540 per week) were paid $181 less per week, a decline of 4.9% and Soap and cleaning compound manufacturing ($3,346 per week) were paid $1,507 more per week, an increase of 81.9% round out the 3 industries that pay their employees the most.Table: Top 7 Industries by Wage Change %
| Industry | Wkly Chg | % Change |
|---|---|---|
| Other financial vehicles | $4,314 | 188.9% |
| Other depository credit intermediation | $1,621 | 149.7% |
| Soap and cleaning compound manufacturing | $1,507 | 81.9% |
| Educational support services | $311 | 62.1% |
| Zoos and botanical gardens | $241 | 54.0% |
| Trusts estates and agency accounts | $445 | 48.8% |
| Cable and other subscription programming | $305 | 47.7% |
Table: Top 7 Industries by Wage Change $
| Industry | Wkly Chg | % Change |
|---|---|---|
| Other financial vehicles | $4,314 | 188.9% |
| Other depository credit intermediation | $1,621 | 149.7% |
| Soap and cleaning compound manufacturing | $1,507 | 81.9% |
| Paint and wallpaper stores | $537 | 32.1% |
| Trusts estates and agency accounts | $445 | 48.8% |
| Commodity contracts brokerage | $444 | 27.5% |
| Textile and fabric finishing mills | $391 | 31.1% |
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 92.4%. (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 | 19,487 | 2.4% |
| Computer systems design and related services | 8,938 | 4.0% |
| Offices of physicians | 6,957 | 2.1% |
| Wholesale trade agents and brokers | 5,259 | -6.4% |
| Insurance agencies and brokerages | 5,251 | -0.1% |
| Management consulting services | 5,113 | 5.2% |
| Residential building construction | 4,686 | 1.8% |
| Offices of lawyers | 4,661 | -0.3% |
| Landscaping services | 4,198 | 1.1% |
| Accounting and bookkeeping services | 4,094 | 1.5% |
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 | 420,316 | 0.5% |
| General medical and surgical hospitals | 248,666 | 2.3% |
| Management of companies and enterprises | 142,136 | 1.2% |
| Temporary help services | 115,733 | -2.7% |
| Offices of physicians | 95,206 | 2.2% |
| Nursing care facilities skilled nursing | 93,103 | -0.7% |
| Supermarkets and other grocery stores | 82,939 | -3.0% |
| General merchandise stores including warehouse clubs and supercenters | 75,505 | -1.3% |
| Computer systems design and related services | 64,754 | 3.9% |
| Home health care services | 63,120 | -1.7% |
The table below illustrates the largest industries in the state, by highest wages:
Table: Top 10 Industries by Weekly Wage
| Industry | Wkly Wages | % Change |
|---|---|---|
| Other financial vehicles | $6,598 | 188.9% |
| Investment banking and securities dealing | $3,540 | -4.9% |
| Soap and cleaning compound manufacturing | $3,346 | 81.9% |
| Spectator sports | $2,752 | -4.8% |
| Other depository credit intermediation | $2,704 | 149.7% |
| Petroleum refineries | $2,693 | 15.1% |
| Securities brokerage | $2,523 | -9.2% |
| Nonscheduled air transportation | $2,381 | 6.2% |
| Electric power generation | $2,378 | 16.9% |
| Portfolio management | $2,375 | 4.6% |
Data Sources
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