Overall unemployment rate moved down to 4.0% with the biggest shift in Business Services, which gained 6,900 roles, based on the most recently available information published in June 2021.
Total employment in the Cincinnati, OH-KY-IN market rose by 15,602 jobs in April and the unemployment rate decreased compared to the prior month by 20 bps to 4.0%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Cincinnati, OH-KY-IN unemployment rate is 175 bps below the national rate which is a positive sign.
- Unemployment in the market is 960 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 1.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.5% . Key sectors include:
- Transportation & Utilities: 216,100; +500
- Business Services: 172,300; +6,900
- Education & Healthcare: 170,300; +500
- Government: 129,400; +2,100
- Manufacturing: 111,500; -900
- Restaurants & Hotels: 101,800; +4,500
- Financial Services: 73,300; -600
- Construction, Mining: 47,000; +2,600
- Other Jobs: 38,500; +400
- IT & Development: 13,100; no change
Data is based on the most recent 12 months available, through April 2021 (Data published June 2021 and reports created on June 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.