Employment trends and data
- Ohio's labor pool of 5.7 million workers is among the largest in the country, exceeding the population of 30 states.
- Ohio's unemployment rate dropped to 4.5 percent in February 2018, down from 5 percent in September 2017. The national rate is 4.1 percent, down from 4.2 percent during the same period.
Private- and public-sector jobs data (Ohio Development Services Agency [ODSA])
- Ohio's largest employment sectors are:
- Trade, transportation and utilities (18%)
- Education and health (17%)
- Government (14%)
- Professional and business services (13%)
- Manufacturing (12%)
- Ohio's manufacturing workforce is nearly 700,000, the third largest in the country.
- Ohio has 716,000 public-sector workers.
- Job gains have been the strongest in the education and health sectors, which have added 140,000 jobs over the past 10 years and currently employ 946,800 people.
- Nearly 800,000 Ohioans work in health care and social assistance.
- Four out of Ohio's top 10 employers are in health care.
- Health care and health care support are projected to be the highest growth occupation groups through 2024.
- Ohio has no state corporate income tax, inventory tax, personal property tax, tax on products sold outside of Ohio, machinery and equipment or R&D investments.
- At 2.8 percent, Ohio's tax rate for new capital-intensive manufacturing is the lowest in the Midwest. This compares with Michigan, 9.7 percent; Indiana, 11.7 percent; Kentucky, 9.8 percent; Pennsylvania, 5.4 percent; and Illinois, 4.6 percent.
- Ohio has a common-sense regulatory climate and a balanced state budget with more than $2 billion in reserves.
- Ohio's business climate is ranked the fourth best in the country according to Site Selection (November 2017).