By: Andrew Batson, Senior Research Analyst, JLL
Following a painful recession between 2008 and 2010, during which 8.7 million jobs were lost, the American job market is thriving once again.
In fact, CNNMoney reported, “…there are now more jobs in the country than ever before.” But, we still have work to do. According to the same source, the job market still needs two to three years to fully recover.
In the Midwest, economic and employment growth are following the national upward trend. With new job opportunities and maturing industries, Ohio’s three big cities are contributing to the nation’s ongoing economic health.
Read on for an overview of employment trends, based on JLL’s most recent Office Employment Updates released in January 2015.
Employment News: Cincinnati
Cincinnati reported its highest addition in job growth since June 2012, with 23,000 new jobs year-over-year. Office employment, in particular, helped to accelerate the region’s job growth. Out of the 5,700 new jobs added to the city last year, approximately 65 percent were professional and business services positions, according to the Bureau of Labor Statistics (BLS).
Download the full report for details.