News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Northeast Ohio Medical University

Metro RTA


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Region's economy is slowly improving, and the future could be brighter
Report shows healthcare, paint and construction are big drivers
by WKSU's KEVIN NIEDERMIER


Reporter
Kevin Niedermier
 
The 18-county Northeast Ohio region should see slow but steady economic growth according to business attraction organization Team NEO.
Courtesy of Team NEO
Download (WKSU Only)
In The Region:
Slow-but-steady improvement with positive indicators for the future. Those are the findings of the most recent economic report for Northeast Ohio from Team NEO, the region’s business attraction organization.

In the first quarter of 2013, the 18-county region’s unemployment rate was 8 percent. That’s higher than the state’s overall rate, and than the average national rate of 7.7 percent. But Team NEO CEO Tom Waltermire says the region’s unemployment rate is now two-tenth’s of a percent lower than last year at this time, thanks to gradual improvement in a variety of industries.

Paint, autos and healthcare big job producers

“Manufacturing is increasing slightly thanks to the resurgence of the auto industry. Service employment is doing better. And there’s a big improvement in construction jobs. In the long-term, medical device manufacturing and aerospace will do well. But the fasting growing industry in Northeast Ohio is coating and specialty chemicals. In construction, there are big booms in downtown Cleveland and Kent, and hospitals across the region are expanding.”

Thousands of new jobs expected in the next 10 years

Waltermire says over the next 10 years, Northeast Ohio should generate about 150,000 new jobs.

“That’s about the same as the number of unemployed people we have in the region. But we may have a shortage of skilled people to fill all those positions. Most of these jobs will be in healthcare and production, followed by business, management and finance.”

To help meet the demand for these new positions, Waltermire says businesses need to be more aggressive in publicizing the kinds of jobs they need filled, and the skills those jobs require. That way, local colleges and universities will know where to focus their curricula to train future Northeast Ohio employees.

Here is the new report by Team NEO on the 2012 economic picture of Northeast Ohio:
http://www.clevelandplusbusiness.com/YearEnd-Report-2012/

Related Links & Resources
Team NEO

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Bridgestone exec indictments are latest step in a billion-dollar price-fixing case
Why is O.P.E.C Not investigated and charges brought against it and it's member companies? It sounds exactly the same...

Ohio's new drilling rules rely on known earthquake faults
requiring drillers to place seismic monitors when they drill within 3 miles of known fault lines. This comment really upsets me!! What good does an instrument t...

Kasich's gubernatorial ad focuses on his blue-collar roots
John Kasich is the biggest con-man in America. He will say one thing and then do the opposite. He is terribly successful at fooling the public and he is worki...

Cab drivers who refuse to drive Gay Games taxis will be replaced
the irony is that most americans distrust or hate muslims much more than they hate gays!! silly ignorant bigots-GO HOME!!!

New transportation companies come to Cleveland
Ride-sharing companies are breaking laws and regulations every day. From regulatory fee evasion to use of smartphone while driving (and even two smartphones(!) ...

Cleveland anti-poverty agency executive resigns amid financial probe
That committee won't be too independent. He plans to stay on until after the new appointee is chosen.

How can you wipe a criminal record clean?
Great article! NO CLINIC in May 2014, however, because it's graduation month for students For the next dates of the FREE Legal Clinic to help with Expungment,...

Drilling remains suspended while ODNR investigates NE Ohio earthquakes
Flaring and lights, so has all been halted? Also, smell of HS2 and sounds of an auger/drilling/water rushing underground. So, has all been halted? In light of t...

Will the Ohio River carry fracking wastewater?
Texas $ vs. WV citizens . Who will our governor listen to?

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University