Employers
One of the most resounding and influential assets to the City of Cincinnati is its 6 (six) Fortune 500 companies. Consumer products, financial services, and marketing services companies all have a strong presence in Cincinnati. The regional economy has successfully diversified across industries including: aerospace, bioscience, chemistry, automotive production, consumer products, marketing and financial services. Employer, employment, unemployment data, trends, and averages can all be found in this section.
City of Cincinnati Unemployment Rates
| December 2011 | December 2010 | Change | |
|---|---|---|---|
| City of Cincinnati | 7.8% | 9.0% | -1.2% |
Source: Ohio Department of Job and Family Services Bureau of Labor Market Information
The City of Cincinnati unemployment rate only shows the unemployment rate inside the city limits.
MSA Unemployment Rate
| December 2011 | December 2010 | Change | |
|---|---|---|---|
| Cincinnati-Middletown MSA | 7.7% | 9.1% | -1.4% |
Source: Bureau of Labor Statistics
* [a] Area defined as Brown, Butler, Clermont, Hamilton, and Warren Counties, Ohio; Dearborn, Franklin, and Ohio Counties, Indiana; and Boone, Bracken, Campbell, Gallatin, Grant, Kenton, and Pendleton Counties, Kentucky.
State Umployment Rate
| December 2011 | December 2010 | |
|---|---|---|
| Ohio | 8.1% | 9.5% |
| U.S. | 8.5% | 9.4% |
Source: Ohio Department of Job and Family Services (Seasonally Adjusted)
Foreign Owned Companies
| # of Locations | % | |
|---|---|---|
| Japan | 148 | 30.6% |
| Germany | 95 | 19.6% |
| United Kingdom | 58 | 12.0% |
| France | 40 | 8.3% |
| Canada | 32 | 6.6% |
| Switzerland | 24 | 5.0% |
| Netherlands | 23 | 4.8% |
| Italian | 15 | 3.1% |
| Other | 49 | 10.1% |
| Total | 484 | 100% |
Source: http://www.cincinnatiusa.org
Foreign companies employ more than 45,000 people in Cincinnati USA positioning Cincinnati as an international trade center.
Among these notable companies: BASF, Givaudan, Krupp-Bilstein, LaFarge, L'Oreal, Luxottica, Mitsubishi Electric, Munich Re, Nestle, Siemens, Snecma Tata Group, Toyota Motor Mfg. - North American Headquarters, Valeo, ZF
Japanese Investment
Japanese investment in Cincinnati USA comprises nearly 120 companies with close to 130 facilities and approximately 12,000 employees.
European Investment
European investment in Cincinnati USA comprises nearly 250 companies with more than 290 facilities, and close to 30,000 employees. These European coutries include:
| Austria | Germany | Luxembourg |
| Belgium | Greece | Netherlands |
| Finland | Ireland | Russia |
| France | Italy | Spain |
| Sweden | Switzerland | United Kingdom |
Cincinnati MSA Largest Employers
| Employees | |
|---|---|
| Kroger Company* | 17,000 |
| University of Cincinnati | 15,162 |
| The Procter & Gamble Company* | 14,000 |
| Cincinnati Children’s Hospital Medical Center | 12,057 |
| TriHealth Inc | 9,898 |
| Mercy Health Partners | 8,550 |
| Archdiocese of Cincinnati | 8,000 |
| GE Aviation* | 7,300 |
| Wal-mart Stores | 6,932 |
| St. Elizabeth Healthcare | 6,839 |
| Fifth Third Bancorp* | 6,771 |
| Internal Revenue Service | 5,500 |
| U.S. Postal Service | 5,380 |
| City of Cincinnati | 5,303 |
| Cincinnati Public Schools | 4,854 |
| Frisch’s Restaurants, Inc. | 4,785 |
| Macy's Inc. * | 4,700 |
| Hamilton County | 4,676 |
| Christ Hospital | 4,355 |
| Miami University | 4,310 |
Source: 2011 Business Courier book of Lists
* Fortune 1000 companies headquartered in Greater Cincinnati
Employment by Industry Sector (Cincinnati MSA)
| Employees | |
|---|---|
| Forestry, Fishing, Hunting & Agriculture Support | 11 |
| Mining | 249 |
| Utilities | 217 |
| Construction | 49,689 |
| Manufacturing | 120,508 |
| Wholesale Trade | 54,784 |
| Retail Trade | 117,266 |
| Transportation & Warehousing | 37,349 |
| Information | 17,092 |
| Finance & Insurance | 52,710 |
| Real Estate & Rental & Leasing | 14,027 |
| Professional, Scientific & Technical Services | 55,708 |
| Management of Companies & Enterprises | 25,163 |
| Administrative & Support & Waste | 59,223 |
| Educational Services | 16,074 |
| Health Care & Social Assistance | 124,672 |
| Arts, Entertainment & Recreation | 13,389 |
| Accommodation & Food Services | 88,902 |
| Other Services (except Public Administration) | 40,820 |
Source: County Business Patterns 2005 U.S. Department of Commerce, Bureau of the Census. Released 05/2007
Selected Wage Rates (Office)
| Average Wage | |
|---|---|
| Office Clerks, General | $11.18 |
| Computer Support Specialist | $21.29 |
| Financial Analyst | $30.99 |
| H.R. Manager | $36.97 |
| Computer & Information Systems Managers | $43.73 |
Source: Ohio Job Outlook, Cincinnati MSA 2004-2014
Selected Wage Rates (Manufacturing)
| Average Wage | |
|---|---|
| Laborers/Freight/Stock/Material Movers | $10.58 |
| Shipping, Receiving & Traffic Clerks | $13.37 |
| Welders, Cutters, Solderers & Brazers | $16.34 |
| Tool & Die Maker | $21.94 |
| Electrical Engineer | $31.86 |
Source: Ohio Job Outlook, Cincinnati MSA 2004-2014
