Friday, July 28, 2017

Boosting Manufacturing

The Ohio Manufacturers Association has published it's annual snapshot look at manufacturing and its impact and role in Ohio and the nation's economy.  The "2017 Ohio Manufacturing Counts" is another window into the concept that Ohio never lost its manufacturing prowess but remains a powerhouse to our Ohio economy and the nation's.

It's the largest sector of Ohio's economy, the highest in total wages, and the one in which more than one in 10 Ohioans work.

OMA shares these stats to hit the point home:

  • Manufacturing is the largest of the 20 sectors of Ohio’s economy, contributing 18% of Ohio's GDP.
  • Ohio’s manufacturing sector GDP of $108 billion ranks it third in the nation after only California and Texas.
  • There are 106 manufacturing NAICS categories in which Ohio is first, second or third in the nation.
  • Manufacturing provides 700,000 jobs for Ohio workers. More than one in 10 Ohioans works in manufacturing.
  • Manufacturing has an annual payroll of $39 billion, the highest total annual wages of any Ohio industry sector.
  • The average annual earnings of Ohio workers on manufacturing payrolls? More than $58,000

I'd spotlight a few others:
  • Five percent of the national GDP comes from Ohio manufacturing.
  • While surpassed by health care as the largest employer overall, manufacturing still pays more.
  • 92% of export jobs in Ohio were supported by goods manufacturing in Ohio.
  • Ohio ranks first among the states in  iron/steel pipe, frozen food, plastic bottles, household laundry equipment, and machinery manufacturing.
Check out the full report online.

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