Overall unemployment rate moved down to 2.8% with the biggest shift in Government, which lost 3,900 roles, based on the most recently available information published in February 2022.
Total employment in the Cincinnati, OH-KY-IN market rose by 752 jobs in December and the unemployment rate decreased compared to the prior month by 20 bps to 2.8%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- Cincinnati, OH-KY-IN unemployment rate is 89 bps below the national rate which is a positive sign.
- Unemployment in the market is 180 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in December versus prior month by 7.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.2%. Key sectors include:
- Transportation & Utilities: 233,700; +2,700
- Business Services: 183,300; +1,100
- Education & Healthcare: 172,600; +100
- Government: 125,000; -3,900
- Manufacturing: 111,900; +800
- Restaurants & Hotels: 107,600; -2,000
- Financial Services: 72,000; -500
- Construction, Mining: 48,700; +300
- Other Jobs: 38,300; -800
- IT & Development: 13,200; no change
Data is based on the most recent 12 months available, through December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.