Industrial employment sectors contracted slightly over the last year, recording an annualized net loss of 600 jobs across the metro. The largest job losses occurred in the trade, transportation and utilities sector, where total employment declined by 2,300 jobs year-over-year.

1. Sources: JLL Research, Bureau of Labor Statistics
Job growth/loss by sector (12-month change)
Cleveland
-2,300
-1,700
0
700
900
1,200
1,500
2,200
2,800
10,000
-4,000 0 4,000 8,000 12,000
Trade, Transportation & Utilities
Mining, Logging & Construction
Information
Government
Financial Activities
Manufacturing
Professional & Business Services
Other Services
Educational & Health Services
Leisure & Hospitality
Number of Jobs
Total jobs vs. unemployment rate
Cleveland
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
850,000
900,000
950,000
1,000,000
1,050,000
1,100,000
2000 2002 2004 2006 2008 2010 2012 2014
Peak: 1,080,614 jobs
2.2%
unemployment rate
total jobs
Metro Cleveland . April 2015
6.4%Cleveland unemployment
1.5%Cleveland 12-month job growth
5.5%U.S. unemployment
2.3%U.S. 12-month job growth
• According to the most recent estimates from the BLS, total non-
farm employment in Cleveland stood at ~1.0 million payrolls,
representing an annualized increase of 15,300 jobs or 1.5 percent.
Meanwhile, unemployment decreased 120 basis points year-over-
year to 6.4 percent.
• Industrial employment sectors contracted slightly over the last year,
recording an annualized net loss of 600 jobs across the metro.
The largest job losses occurred in the trade, transportation and
utilities sector, where total employment declined by 2,300 jobs
year-over-year.
• Total U.S. nonfarm employment increased by 126,000 jobs in
March, the lowest level since March 2013 and well below economist
forecasts of 244,000 jobs. Downward revisions were also made to
the January and February figures, totaling 69,000 jobs.
• U.S. unemployment was unchanged at 5.5 percent and wage
growth remained sluggish as average hourly earnings increased
only 2.1 percent year-over-year, far below the Fed’s goal of 3.5
percent or better.
Industrial employment trends (12-month change)
Cleveland
-30.0
-20.0
-10.0
0.0
10.0
20.0
2010
2011
2012
2013
2014
2015
Mining, Logging & Construction Trade,Transportation & Utilities Manufacturing Other Services
Due in part to the effects of manufacturers’ rebuilding inventories, along with
an upward trend in consumer spending, Cleveland’s industrial leasing market
has seen improvement. The region has recorded positive absorption of
industrial space for three consecutive years. The demand picture for the next
few years is also improved, thanks to a growing local economy which recently
surpassed pre-recession manufacturing exports levels.
Demand growth is expected to be modest, though, as manufacturing
companies bounce back from the recession leaner and more efficient,
requiring less space and employees to produce the same output. While
demand growth will stop rents from falling further, only minimal rent growth is
expected over the next few years. Vacancy currently sits around 7.0 percent,
which will induce some construction over the next 24 months. Look for these
developments to be mainly built-to-suit projects with limited speculative
construction taking place.
Industrial real estate implications
Industrial employment update

2. February 2013 February 2014 February 2015
Total Non-farm
Employment
1,004,800
1.0%
1,012,100
0.7%
1,027,400
1.5%
Unemployment Rate 7.6% 7.6% 6.4%
Cleveland Supersectors February 2013 February 2014 February 2015
Mining, Logging & Construction 29,700 1.4% 30,200 1.7% 28,500 -5.6%
Manufacturing 123,700 1.1% 123,400 -0.2% 124,600 1.0%
Trade, Transportation, & Utilities 177,200 0.5% 178,800 0.9% 176,500 -1.3%
Information 15,000 -2.0% 14,600 -2.7% 14,600 0.0%
Financial Activities 62,500 1.1% 64,300 2.9% 65,200 1.4%
Professional & Business Services 139,600 0.7% 143,500 2.8% 145,000 1.0%
Educational & Health Services 195,900 1.8% 194,900 -0.5% 197,700 1.4%
Leisure & Hospitality 88,000 6.4% 89,700 1.9% 99,700 11.1%
Other Services 39,100 -1.8% 39,200 0.3% 41,400 5.6%
Government 134,100 -1.3% 133,500 -0.4% 134,200 0.5%
News on the street
Cleveland businesses expanding, contracting, etc.
Employment statistics
Cleveland
Industry employment stratification
Cleveland
Educational &
Health Services,
197,700, 19%
Trade, Transportation
& Utilities,
176,500, 17%
Professional &
Business Services,
145,000, 14%
Government,
134,200, 13%
Manufacturing,
124,600 , 12%
Leisure & Hospitality,
99,700, 10%
Financial Activities,
65,200 , 6%
Other Services,
41,400, 4%
Mining, Logging &
Construction,
28,500, 3% Information,
14,600, 1%
Andrew Batson
Senior Research Analyst
Great Lakes Region
tel +1 216 937 4374
Andrew.Batson@am.jll.com
127 Public Square,
Suite 2410
Cleveland, OH 44114
www.jll.com/cleveland
Robert Kramp
Senior Vice President – Americas
Midwest & Great Lakes Research Director
tel +1 312 228 2470
Robert.Kramp@am.jll.com
200 East Randolph Street,
47th Floor
Chicago, IL 60601
www.us.joneslanglasalle.com/research
© 2015 Jones Lang LaSalle IP, Inc. All rights reserved.
All information contained herein is from sources deemed
reliable; however, no representation or warranty is made
to the accuracy thereof.
JLL Americas Research • Cleveland Industrial Employment Update 2
Cleveland-Cuyahoga County Port Authority Ι Logistics: Expanding
The Port Authority and Spliethoff Transport BV recently negotiated a new agreement for the operation of the Cleveland-Europe Express with the addition of a second
monthly roundtrip sailing. The added service is attractive to shippers, particularly those that bring containers into the U.S. and need more frequent service. In its first
year, the Cleveland-Europe Express carried more heavy machinery and other bulk cargo than containers, which are used for consumer product
Core-Tech Ι Ceramic Fabrication: Expanding
Core-Tech Inc., a ceramic core maker, is adding 17,000 square feet to its footprint in Mentor. Core-Tech makes precision ceramic cores for investment casting
processes in a variety of industries. Core-Tech recently bought an adjacent building to its current operations in Mentor and plans to invest more than $1.2 million in
equipment and upgrades to the facility. The company plans to hire an additional 10 people when operation begins at the new plant.
Door to Door Organics Ι Grocery Stores & Supermarkets: Expanding
Online grocery service Door to Door Organics plans an expansion into the Cleveland market. The Colorado-based company intends to open a distribution center at
6230 Cochran Road in Solon late this spring. The company will begin delivery service to 20 area communities from Cleveland to Akron. The company will have 15
local employees and has begun hiring for the new location.
Ramco Specialties Ι Fasteners Manufacturing: Expanding
Ramco, the maker and value-added distributor of nut and fastener products for the automobile and heavy trucking industry, is planning to construct a 165,000-
square-foot building about a mile away from its three current buildings in Hudson. The new building will be at 5445 Hudson Industrial Parkway. Work on the new
building will begin in May, with the project to be completed in December. Ramco is investing about $12 million in the new building.
Ray Fogg Corporate Properties Ι Commercial Real Estate: Development
A year after finishing its first office/warehouse building at Bluestone Business Center in Euclid, Ray Fogg Corporate Properties LLC already is taking steps for an
encore. The Brooklyn Heights-based real estate developer and industrial construction contractor plans to add a building with 127,000 square feet of space at
Bluestone as soon as possible this spring. Plans call for the structure with 32-foot-tall ceilings to be ready for tenants by summer's end.
W Diamond Group Ι Apparel Manufacturing: Acquisitions
The Hugo Boss men's clothing factory, which was scheduled to close in April, will remain open under new ownership. The Tiedeman Road facility is being sold to
Chicago-based W Diamond Group. The company, which has a commitment to domestic manufacturing, makes Hart Schaffner Marx suits in Chicago. About 160
employees work at the facility. All employees will be retained as part of the sale, which is scheduled to be completed by the end of April.