Business and Industry in Ohio

From Ohio History Central
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Ohio's early business mainly involved agriculture, trapping and trade. Manufacturing was pretty much limited to individual craftspeople. During the past two hundred years, the Industrial Revolution, changes in transportation, education, improvements in technology, as well as many other causes, have changed business and industry in Ohio rather dramatically.

In 1995, the businesses that provide services employed the most workers in Ohio. It also was the fastest growing of the state's eight main industries. Average weekly earnings for all groups in Ohio were $509.04.

Facts

Total5,724,300
Civilian Labor Force5,446,292
Unemployment278,008
Unemployment Rate4.9%

Business Change

<thead></thead>
Year Starts Terminations % Net Change
199026,17623,617+2,559
199124,1834,828-645
199226,114725,065+1,082
199328,54724,287+4,260
199429,34924,788+4,561
199528,57623,958+4,618

Construction

Number of Companies (1992)23,352
Sales in $Million (1992)22,014
Average Weekly Earnings (1995)$682

Manufacturing

Number of Companies (1992)18,282
Sales in $Million (1992)184,715
Average Weekly Earnings (1995)$713

Transportation

Number of Companies (1992)7,072
Sales in $Million (1992)8,951

Communications

Number of Companies (1992)1,362
Sales in $Million (1992)7,624
Television Stations (1997)73
Radio Stations (1997)327
Daily Newspapers (1997)90

Utilities

Number of Companies (1992)588
Sales in $Million (1992)15,155

Wholesale

Number of Companies (1992)588
Sales in $Million (1992)127,344

Retail

Number of Companies (1992)63,701
Sales in $Million (1992)79,031

Services

Number of Companies (1992)69,909
Sales in $Million (1992)40,844
Average Weekly Earnings (1995)$446

Finance

Number of Companies (1992)7,392
Sales in $Million (1992)24,912
State Chartered Banks (1996)265

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163
Daily Newspapers (1997)90

Insurance

Number of Companies (1992)7,075
Sales in $Million (1992)35,289

Real Estate

Number of Companies (1992)6,998
Sales in $Million (1992)4,198

Resources

  • Peacefull, Leonard, ed.A Geography of Ohio;Kent State University Press, Kent, Ohio; 1996.

See Also