Continued employment growth will translate into moderately increased office demand in Cleveland in 2015.

1. Office sectors record steady employment gains
Cleveland
• Continued employment growth will translate into moderately increased office demand in Cleveland in
2015. 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.
• Office-using employment sectors experienced sustained employment expansion over the last year,
recording an annualized net gain of 3,100 jobs across the metro. Employment gains were led by the
professional and business services sector, which added 1,500 jobs year-over-year.
Source: JLL Research, Bureau of Labor Statistics
Chart of the week: April 13, 2015
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(5.0)
0.0
5.0
10.0
2011 2012 2013 2014 Q1 2015
Financial activities Professional & business services Information Government
Office-using employment trends
12-monthchange(000’s)