Overall unemployment rate moved down to 4.4% with the biggest shift in Business Services, which gained 5,400 roles, based on the most recently available information published in September 2021.
Total employment in the Cincinnati, OH-KY-IN market rose by 15,787 jobs in August and the unemployment rate decreased compared to the prior month by 80 bps to 4.4%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Cincinnati, OH-KY-IN unemployment rate is 89 bps below the national rate which is a positive sign.
- Unemployment in the market is 350 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 2.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Transportation & Utilities: 218,500; no change
- Business Services: 184,800; +5,400
- Education & Healthcare: 171,600; +600
- Government: 121,200; +3,400
- Restaurants & Hotels: 116,400; -3,600
- Manufacturing: 112,400; +500
- Financial Services: 71,700; -1,400
- Construction, Mining: 48,000; -1,500
- Other Jobs: 39,100; -900
- IT & Development: 13,300; no change
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.