The employment Outlook in Cleveland parallels that of the rest of Ohio and the nation in general. The situation in the short term is gloomy but hopes lies in future opportunities in technology and sustainable energy.
The common misconception is that the current economic recession, the worst in maybe 80 years, has had a far greater impact on so-called “rust belt” cities than elsewhere in the country. The fact is the jobs losses experienced in Cleveland haven’t been as great as those seen in “sunbelt” cities such as Charlotte or Atlanta. This is because those areas saw explosive growth over the last two decades built around the financial services and housing industries. While Cleveland saw growth during that time in those industries, the city never experienced the level of influx of jobs that those cites saw. When the financial service industry imploded it had a similar impact that the move to overseas manufacturing had on areas like Cleveland in the 1970’s and 1980's.
In many ways the Cleveland area has managed to hang on despite a declining population and an aging infrastructure. A report in the Cleveland Plain Dealer recently cited that suburban Cuyahoga County was losing jobs at almost four times the rate of the city of Cleveland.http://www.cleveland.com/business/index.ssf/2010/02/percentage_of_jobs_lost_in_the.html
When referring to the Greater Cleveland area is understood to be speaking of Cuyahoga County and a number of surrounding communities According to the Ohio Department of Job and Family Services the unemployment rate in Cuyahoga County is currently 8% while the City of Cleveland proper has a rate of 10.2 The majority of the Cleveland’s workforce is employed in the trade/transportation/utilities sector which makes for almost 20% of Ohio’s workforce. The top employer in terms of the number of persons employed in Cleveland is the Cleveland Clinic followed by Wal-Mart.
According to the ODJFS the fastest growing Cleveland area industries are medical care full-service restaurants; employment services; and management of companies and enterprises. These industries are expected to add between 32,000 and 100,000 new jobs in the next six years. Among health care providers, the ODJFS sees private health care adding 25,200 jobs, home health care services adding 22,800 and offices of physicians adding15,600 jobs
Top Companies in the Cleveland Area
According to ODJFS 37% percent of the Fortune 500 companies have a presence in the region with more than 150 international companies also having offices in the region.. Among those:
(#112) Goodyear Tire and Rubber Company (Akron, rubber)(#153) Progressive Insurance (Mayfield Village, insurance)(#184) FirstEnergy (Akron, utilities)(#210) Eaton Corporation (Cleveland, motor vehicle parts)(#213) National City Corporation (Cleveland, banking)(#279) Parker-Hannifin (Mayfield Heights, aerospace)(#311) Sherwin-Williams (Cleveland, paint)(#325) KeyCorp (Cleveland, banking)(#417) The Timken Company (Canton, specialty steel)(#486) Lubrizol Corporation (Wickliffe, lubricants and chemicals)(#589) Nacco Industries (Cleveland, industrial equipment)(#671) Diebold (Green, electronics)(#674) PolyOne Corporation (Avon Lake, chemicals)(#678) RPM International (Medina, chemicals)(#704) Aleris International, Inc. (Beachwood, metals)(#765) The J.M. Smucker Co. (Orrville, food consumer products)(#825) American Greetings (Cleveland, greeting cards)(#839) Jo Ann Stores (Hudson, specialty retailer)(#846) Medical Mutual of Ohio (Cleveland, health insurance)#878) Cleveland-Cliffs (Cleveland, mining and crude oil)
Other large employers include:
Babcock & Wilcox (Barberton, engineering)Cafaro Corp (Youngstown, mall management and properties) Cleveland Clinic (Cleveland, health care)Developers Diversified Realty Corporation (Beachwood, real estate development) DeBartolo-York Corp (Boardman Township, Youngstown, mall management and properties)
Most Sought After Jobs:
Because of its relative stability the health care sector continues to see trend as the most desired employment opportunity in the Cleveland area. The Cleveland Clinic, University Hospitals, and Metro Health Hospital employ over 25,000 in the greater Cleveland area and all three are still hiring. After health care, biotechnology and biomedical jobs are considered highly desirable by Cleveland job seekers.
The Weak and The Relatively Strong:
In line with recent history the manufacturing industry has been hit hard during the past year by automotive-related cutbacks and the outlook for growth is not encouraging. .The information technology and outsourcing industries are also are also weak areas as demand has slackened considerably. Smaller companies such as construction and government contractors will be among the first to add new jobs to their sectors mainly due to the second phase of stimulus spending to coincide with the construction season. The green and sustainable energy career fields will see the seeds of growth in the next years as spending mandates have been linked to expanding the sectors
The Mood among the Populace
Job-seekers and especially Cleveland job seekers tend to be a pessimistic bunch. But with the entire country facing crisis fewer resident are leaving Ohio to seek work unless positions are already in place. Those job seekers are moving away from the local classified and national job search boards and instead using social networking websites such as LinkedIn and Indeed.com to identify contacts within companies that could lead to employment. Cleveland is a who you know relationship town were relationships matter. Very few expect that to change in the near future.