Our 2012 Q2 report, with all the statistics and news you need about Columbus economic development and business growth!

1. QUARTERLY ECONOMIC UPDATE | Q2 2012

2. Th
e QUARTERLY ECONOMIC UPDATE | Q2 2012
EMPLOYMENT, LABOR FORCE, UNEMPLOYMENT RATES
TOTAL PAYROLL EMPLOYMENT COLUMBUS REGION UNEMPLOYMENT
 Columbus metro area employment rose faster than
RATE
that of Ohio and U.S.: Columbus MSA employment
rose 7,600 (0.8%) in the second quarter, compared to 12%
102.0
Ohio growth of 0.7% and U.S. growth of 0.2%. 100.0 10%
Index: 1/08 = 100.0
Employment growth in the first half was 17,700 (1.9%) 98.0 8%
for the MSA, 1.6% for Ohio, and 0.7% for the U.S. 96.0
6%
 Columbus Region unemployment rate down to 94.0
4%
6.3%: The 11- - 92.0
adjusted unemployment rate fell to 6.3% in June, 90.0 2%
compared to a 7.2% Ohio rate and an 8.2% U.S. rate. 88.0 0%
4/08
7/08
10/08
4/09
7/09
7/10
10/10
4/11
10/09
1/08
1/09
4/10
7/11
4/12
1/10
1/12
10/11
1/11
10/09
4/08
4/10
1/09
7/08
4/09
7/10
10/10
1/12
10/08
1/10
4/11
7/11
10/11
1/08
7/09
1/11
4/12
 The number of employed residents increased while the
number of active local job-seekers remained essentially
Columbus MSA Ohio US Columbus Region Ohio U.S.
constant, leading to the decline in the unemployment
rate. Source: Current Employment Statistics, U.S. Bureau of Labor Statistics. Source: Local Area Unemployment Statistics, Bureau of Labor Stats.
Seasonal adjustment of MSA employment by Regionomics LLC. Seasonal adjustment of regional rate by Regionomics LLC.
 Gap remains between normal and actual labor force
growth: The difference between reported labor force
and the level assuming normal growth continues to
widen, indicating a growing overhang of discouraged COLUMBUS REGION LABOR FORCE
workers.
1,120
1,070
Thousands
1,020
970
920
4/09
4/10
7/10
4/11
4/08
7/08
10/08
7/09
10/09
1/08
10/10
1/09
1/10
4/12
7/11
10/11
1/12
1/11
Labor force
Labor force, normal growth
Resident employment
Source: Local Area Unemployment Statistics, Bureau of Labor Stats.
Seasonal adjustment of regional rate by Regionomics LLC.
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3. QUARTERLY ECONOMIC UPDATE | Q2 2012
EMPLOYMENT BY INDUSTRY
MSA SHARE OF EMPLOYMENT BY INDUSTRY, LOGISTICS: TRANSPORTATION, MANUFACTURING
JUNE 2012 WAREHOUSING & WHOLESALE
110.0 110.0
Logistics
10% 105.0 105.0
Index: 1/08 = 100.0
Index: 1/08 = 100.0
Manufacturing 100.0
Retail 100.0
trade 7% 95.0
12% 95.0 90.0
Government
18% 85.0
Professional & 90.0
business svcs 80.0
18% 85.0
75.0
Leisure &
hospitality 80.0 70.0
Computer
10/10
7/08
4/08
10/08
4/12
4/09
4/11
7/09
10/09
1/10
4/10
1/08
1/09
10/11
7/10
1/11
7/11
1/12
10/08
4/09
4/08
7/09
4/10
4/11
10/09
1/08
7/10
4/12
1/09
10/10
1/11
7/08
7/11
10/11
1/10
1/12
11%
design &
related svcs
Healthcare & Finance & 3%
social insurance
assistance 7% Columbus MSA Ohio US Columbus MSA Ohio US
14%
PROFESSIONAL & BUSINESS SERVICES COMPUTER DESIGN & RELATED SERVICES FINANCE & INSURANCE
110.0 150.0 110.0
105.0 140.0 105.0
Index: 1/08 = 100.0
Index: 1/08 = 100.0
Index: 1/08 = 100.0
130.0 100.0
100.0
120.0
95.0 95.0
110.0
90.0 90.0
100.0
85.0 85.0
90.0
80.0 80.0 80.0
4/08
4/09
4/12
7/11
7/08
10/08
7/09
10/09
10/10
4/11
1/09
1/10
1/08
4/10
7/10
10/11
1/11
1/12
4/08
4/09
4/08
4/09
4/12
4/12
4/10
7/08
10/08
10/09
7/10
4/11
7/08
10/08
10/09
10/11
1/08
1/09
7/09
10/11
1/08
1/09
7/09
4/10
7/10
10/10
1/10
4/11
10/10
1/12
7/11
1/11
7/11
1/10
1/11
1/12
Columbus MSA Ohio US Columbus MSA Ohio US Columbus MSA Ohio US
Source: Current Employment Statistics, U.S. Bureau of Labor Statistics.
Seasonal adjustment of MSA employment by Regionomics LLC.
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4. QUARTERLY ECONOMIC UPDATE | Q2 2012
EMPLOYMENT BY INDUSTRY (continued)
 Charts on pages 2 and 3 show that the Columbus HEALTHCARE & SOCIAL ASSISTANCE LEISURE & HOSPITALITY
metro area experienced employment gains in logistics,
healthcare, leisure & hospitality, and retail, above Ohio 130.0 110.0
125.0
and U.S. rates. The MSA underperformed in business 105.0
Index: 1/08 = 100.0
Index: 1/08 = 100.0
120.0
services and saw losses in finance and government. 115.0 100.0
 Manufacturing gained 400 jobs (0.6%), partly 110.0
105.0 95.0
offsetting a 4,600-job loss over the previous eight 100.0
95.0
90.0
months.
90.0
 Leisure & hospitality employment surged 4,200 jobs 85.0
85.0
(4.8%). 80.0 80.0
4/08
4/09
10/08
4/11
7/11
10/11
1/08
4/12
7/08
7/09
10/09
4/10
10/10
1/09
1/10
7/10
1/11
1/12
10/10
4/08
7/08
10/08
4/09
4/11
4/12
7/09
10/09
10/11
1/08
1/09
1/10
4/10
7/11
1/12
1/11
7/10
 Retail continued its strong growth with a gain of 2,100
jobs (2.2%). Ohio gained 0.5% and the U.S. gained 0.1%.
Columbus MSA Ohio US Columbus MSA Ohio US
The second quarter gain brings total growth since
February 2010 to 6,400 (6.7%).
Industry MSA empl. chg. OH US
No. % % % GOVERNMENT RETAIL
Logistics +900 +1.2 -0.5 0.5
110.0
Manufacturing +400 +0.6 1.1 0.3 110.0
Business services +100 +0.1 1.0 0.7 105.0
105.0
Index: 1/08 = 100.0
Index: 1/08 = 100.0
Computer-related +200 +0.7 -1.6 1.2 100.0 100.0
Finance & insurance -100 -0.2 0.4 0.2 95.0 95.0
Healthcare & social assistance +1,000 +0.9 +0.4 +0.4
90.0 90.0
Leisure & hospitality +4,200 +4.8 +1.1 0.0
85.0 85.0
Government -2,400 -1.6 +0.1 -0.2
80.0 80.0
Retail +2,100 +2.2 +0.5 +0.1
10/08
10/09
1/08
4/08
4/09
7/09
4/12
1/09
4/10
7/10
7/11
10/11
7/08
1/11
4/11
10/10
1/10
1/12
10/10
4/08
7/08
1/10
10/08
4/09
7/09
10/09
4/10
4/11
1/09
1/08
1/11
10/11
4/12
1/12
7/11
7/10
Columbus MSA Ohio US Columbus MSA Ohio US
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5. QUARTERLY ECONOMIC UPDATE | Q2 2012
EMPLOYMENT BY COUNTY
DELAWARE COUNTY FAIRFIELD COUNTY
 Charts on pages 4 and 5 show 11-year trends of
Columbus Region employment at the county level, 120.0
200.0
including newly released 2011 totals. 115.0
180.0
Index: 2001 = 100.0
 Franklin County accounts for 70% of total regional 110.0
Index: 2001 = 100.0
160.0 105.0
employment, down from 74% in 2001. However, the
100.0
county reversed a near-steady 11-year decline, adding 140.0
95.0
9,910 jobs (1.5%). 90.0
120.0
 Columbus Region employment rose 1.7% in 2011 (15,399) 85.0
100.0
vs. U.S. growth of 1.2%. 80.0
75.0
 Delaware County employment increased 4.9% in 2010 to 80.0
2011
2010
2008
2009
2004
2006
2001
2002
2005
2007
2003
2011
2010
2003
2004
2008
2002
2006
2009
2001
2005
2007
75,663. This is double its 2001 level.
 Licking and Madison also enjoyed better-than-average Delaware Region U.S. Fairfield Region U.S.
gains, up 2.9% and 2.8%, respectively.
REGIONAL SHARE OF EMPLOYMENT BY COUNTY, FRANKLIN COUNTY KNOX COUNTY
2011
120.0 120.0
Other 115.0
115.0
counties in
Marion Region
Index: 2001 = 100.0
110.0
Index: 2001 = 100.0
110.0
3% 7%
Union 105.0 105.0
3% 100.0
100.0
Fairfield
95.0 95.0
4%
Licking 90.0 90.0
5% 85.0 85.0
Delaware 80.0 80.0
8% 75.0
75.0
2010
2008
2011
2004
2006
2009
2002
2003
2007
2001
2005
2011
2010
2002
2005
2007
2009
2001
2008
2006
2003
2004
Franklin
70%
Franklin Region U.S. Knox Region U.S.
Source: Quarterly Census of Employment and Wages, U.S. Bureau of Labor Statistics. Source: Quarterly Census of Employment and Wages, U.S. Bureau of Labor Statistics.
4