Overall unemployment rate moved down to 5.1% with the biggest shift in Restaurants & Hotels, which gained 2,800 roles, based on the most recently available information published in April 2021.
Total employment in the Cincinnati, OH-KY-IN market rose by 8,085 jobs in February and the unemployment rate decreased compared to the prior month by 20 bps to 5.1%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- Cincinnati, OH-KY-IN unemployment rate is 145 bps below the national rate which is a positive sign.
- Unemployment in the market is 110 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 4.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Transportation & Utilities: 212,700; -1,800
- Education & Healthcare: 169,600; +800
- Business Services: 161,600; -300
- Government: 125,800; +2,100
- Manufacturing: 112,100; +400
- Restaurants & Hotels: 96,600; +2,800
- Financial Services: 74,300; +100
- Construction, Mining: 43,000; -700
- Other Jobs: 38,800; +1,300
- IT & Development: 13,100; +100
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.