Research at Team NEO:Regional Assets

Jim Robey, PhDVP Research

April 21, 2009

Current Research: Transportation

• Add additional companies to “next day” deliveries

• Working with CLE on European Directs– International companies with activities in

Cleveland+• 989 companies• 37 countries represented

– Reverse engineer via Nexis: Cleveland companies with ops in Europe

Orthopedic Production-Related Workforce:Cleveland-Akron MSA versus Koscuisko County

SOC TitleTotal - Private: Cleveland - Akron

Total - Private: Koscuisko Co, IN

51-1011 First-Line Supervisors/Managers of Production and Operating 9,005 556

51-2092 Team Assemblers 14,484 1,439

51-2099 Assemblers and Fabricators, All Other 4,273 335

51-4011 Computer-Controlled Machine Tool Operators, Metal and Plasti 2,868 141

51-4012 Numerical Tool and Process Control Programmers 414 13

51-4021 Extruding and Drawing Machine Setters, Operators, and Tender 1,649 105

51-4022 Forging Machine Setters, Operators, and Tenders, Metal and P 1,008 33

51-4031 Cutting, Punching, and Press Machine Setters, Operators, and 5,151 211

51-4032 Drilling and Boring Machine Tool Setters, Operators, and Ten 1,111 38

51-4033 Grinding, Lapping, Polishing, and Buffing Machine Tool Sette 2,372 137

51-4034 Lathe and Turning Machine Tool Setters, Operators, and Tende 1,786 46

51-4035 Milling and Planing Machine Setters, Operators, and Tenders, 646 27

51-4041 Machinists 7,616 246

51-4072 Molding, Coremaking, and Casting Machine Setters, Operators, 2,779 218

51-4081 Multiple Machine Tool Setters, Operators, and Tenders, Metal 1,788 116

51-9082 Medical Appliance Technicians 147 139

51-9199 Production Workers, All Other 4,924 256

NEO Production OccupationsIncluding Wages

SOC Code SOC Title

Total 2007NEO

Employment

Average Annual NEO

Wage

51-4011 Computer-controlled machine tool operators 3,600 $33,116.81

51-4012 Numerical tool and process control programmers 360 $47,028.33

51-4021 Extruding and drawing machine setters, operators, and tenders 3,470 $37,510.17

51-4022 Forging machine setters, operators, and tenders 1,130 $38,676.28

51-4023 Rolling machine setters, operators, and tenders 1,430 $34,095.73

51-4031 Cutting, punching, and press machine setters, operators, and tenders 9,620 $29,631.43

51-4032 Drilling and boring machine tool setters, operators, and tenders 1,290 $34,146.36

51-4033 Grinding, lapping, polishing, and buffing machine tool setters, operators, and tenders 2,970 $29,401.99

51-4034 Lathe and turning machine tool setters, operators, and tenders 2,300 $30,489.43

51-4035 Milling and planing machine setters, operators, and tenders 820 $28,288.54

51-4041 Machinists 13,760 $34,531.35

Vacation Days by Length of Tenure and Type of Employment

Tenure

Type of Employment

Mean N Minimum Maximum

Under 1 yearFull-time 7.68 171 1 23

Part-time 5.84 45 2 18

1-2 yearsFull-time 8.27 357 2 23

Part-time 7.47 78 2.5 20

3-5 yearsFull-time 10.71 355 2 27

Part-time 9.32 77 5 20

6-10 yearsFull-time 14.14 353 3 48

Part-time 11.72 76 2.5 23

11 or more yearsFull-time 17.05 342 4 30

Part-time 13.90 74 2.5 30

Sick Days by Length of Tenure and Type of Employment

Tenure Type of Employment Mean N Minimum Maximum

Under 1 yearFull-time 8.43 120 1 30

Part-time 7.03 38 2 15

1-2 yearsFull-time 7.71 141 1 30

Part-time 7.31 40 2 15

3-5 yearsFull-time 7.79 143 1 30

Part-time 7.33 41 1 15

6-10 yearsFull-time 7.93 143 1 30

Part-time 7.40 41 2 15

11 or more yearsFull-time 7.84 139 1 30

Part-time 7.44 40 2 15

Personal Days by Length of Tenure and Type of Employment

Tenure Type of Employment Mean N Minimum Maximum

Under 1 yearFull-time 3.79 106 1 17

Part-time 2.24 30 1 4.5

1-2 yearsFull-time 3.95 142 1 17

Part-time 2.68 41 1 10

3-5 yearsFull-time 4.24 141 1 19.5

Part-time 2.86 38 1 10

6-10 yearsFull-time 4.47 143 1 26

Part-time 2.99 40 1 10

11 or more yearsFull-time 4.69 136 1 27

Part-time 2.88 38 1 10

Holidays by Length of Tenure and Type of Employment

Holidays by Length of Tenure and Type of Employment

TenureType of Employment Mean N Minimum Maximum

Under 1 yearFull-time 8.28 332 3 17

Part-time 7.80 90 2.5 12

1-2 yearsFull-time 8.29 352 3 17

Part-time 7.89 94 2.5 12

3-5 yearsFull-time 8.31 352 3 17

Part-time 7.96 94 2.5 12

6-10 yearsFull-time 8.32 351 3 17

Part-time 7.95 94 2.5 12

11 or more yearsFull-time 8.34 344 3 17

Part-time 7.95 94 2.5 12

401K Benefits by Type of Employment

Type of Employment Requirements for Benefit Mean N Minimum Maximum

Full-time

Tenure (months)6.04 243 0 30

Percentage Paid by Employee

67.25 119 0 100

Part-time

Tenure (months)6.24 79 0 30

Percentage Paid by Employee

71.47 50 0 100

Health Insurance by Type of Employment

Type of BenefitType of Employment

Requirements for Benefit Mean N Minimum Maximum

Health Insurance

for Employee

Full-time

Tenure (months) 2.36 313 0 36

Percentage Paid by Employee

23.48 293 0 100

Part-time

Tenure (months) 1.99 52 0 30

Percentage Paid by Employee

38.18 55 0 100

Health Insurance

for Families

Full-time

Tenure (months) 2.30 302 0 32

Percentage Paid by Employee

31.77 293 0 100

Part-time

Tenure (months) 1.84 48 0 30

Percentage Paid by Employee

46.96 55 3 100

Current Research: Workforce

• 2010 Next Starting Wage and Benefit Survey----expect a call

• Integrate Census estimates from Claritas– Occupations by residence

• Update workforce data– D&B– Industry/occupation matrix from BLS

So What Happens If?250 Fabricated Metals Jobs in Summit County

REMI Impacts from 250 JobsOrtho machining in Summit County

Project Marrow: 2009 Operations ImpactsAkron MSA Cleveland+ Ohio

Employment 455 558 572Gross Regional Product $44,189,187 $52,990,902 $54,194,967Personal Income $24,275,700 $28,601,000 $29,144,000

Local Wage Tax (@2%) $485,514 $572,020 $582,880State Income Tax (2.88% ATR) $699,140 $823,709 $839,347CAT: Self Supply Self Supply $90,382 $137,577 $146,539CAT: Imports Imports $36,845 $46,278 $47,869Sales: B2B B2B $86,643 $130,345 $136,092Sales: Consumer Consumer $332,178 $464,236 $475,697

Total State Revenue Estimates $1,245,187 $1,602,145 $1,645,543

Total Public Revenue Estimates $1,730,701 $2,174,165 $2,228,423

Output $83,846,951 $99,376,394 $101,687,753

Much of Northeast Ohio is Working

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500,000

1,000,000

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2,000,000

2,500,000

Oct-07

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Jul-08 Aug-08

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Employment Unemployment

Other Research Updates

• Parcel mapping in GIS• Begin using newest REMI model• Update (quarterly) NLRB data• Regional Economic Review

– Media Tour this week---release April 27th

• Update Economy.com county-level data– Employment– GRP– Wages

Research Team

• Rick Seifritz: Research Manager– MUPDD/CSU Levin– rseifritz@teamneo.org/216-363-5433

• Jacob Duritsky: Research Manager– MSUS/CSU Levin, Ph.D. coursework in ED– jduritsky@teamneo.org/216-363-5424

• Meredith Karger-Davis: Research Manager– MUPDD/CSU Levin– mkarger@teamneo.org/216-363-5430

Cleveland+ Assets

• Location, Location, Location• Diverse Industry Base: Manufacturing AND Services • Manufacturing

– We Still Make Things:– Cleveland+ 21.3% of GRP– US 13.4% of GDP

• Educational Assets• Ohio Tax Reform: Commercial Activities Tax• $577 Million in Venture Capital

– More than 50% into Bio-Med COMPANIES• More than half of Ohio’s Bio assets are in Cleveland+• Ohio’s Re-newable Portfolio Standard: 25% by 2025

– Creates a market (customers)• Research team @ Team NEO: at your service

– GIS– Economic Impact– Labor & Census Data– Labor & Current Conditions Updates