Ohio is a strong environment for "Opportunity Employment," says a report released on April 17 from the Federal Reserve Banks of Cleveland and Philadelphia.
"Opportunity Employment" is the availability of jobs that do not require a four-year college degree but give workers the chance to earn more than the national annual median wage of $37,690. These opportunities include jobs in healthcare and the skilled trades.
According to Crain's Cleveland Business, among the 121 metro areas analyzed for the report, the share of opportunity employment was highest in Toledo, at 34%, with other Ohio cities also ranking well:
- Cleveland, at 30.1%
- Akron: 28.1%
- Cincinnati: 29.1%
- Columbus: 25.3%
- Dayton: 28.2%
A news release from the Cleveland Fed notes that healthcare and skilled trades could experience growth through 2026.
The full report - which can be accessed here - suggests that ""economic development efforts could focus on industries characterized by high levels of opportunity employment, both private sector and public sector programs for post-secondary skills development could be expanded."