What to know about the auto industry in Ohio
Ohio’s booming auto industry is making the Midwest’s economy more attractive for new residents, according to a new survey.
The Ohio Department of Transportation said Thursday that a national survey of more than 1,000 auto workers found that Ohioans are “very willing” to move to the state, and they have the resources to do so.
The department reported that more than 6 percent of respondents in the survey said they have moved to Ohio from another state since the year 2010, and the state is expected to be one of the fastest-growing auto states by 2020.
It’s unclear how much of a role Ohio’s growth will have on the U.S. economy, though, as Ohio is not one of five states that have a combined GDP per capita of less than $24,000.
The auto industry has been in a steady decline in the last decade, and in the past few years, auto manufacturing has been falling.
Ohio has the lowest unemployment rate in the nation, at 3.6 percent, and is expected be one the fastest growing in the country in 2020.
Ohio’s auto industry, which employs about 7.5 million people, employs some 2.5 percent of the workforce.
But the auto manufacturing sector in Ohio has struggled in recent years due to a variety of factors, including the impact of the global recession and other factors.