Overall unemployment rate moved up to 5.3% with the biggest shift in Transportation & Utilities, which lost 10,000 roles, based on the most recently available information published in March 2021.
Total employment in the Cincinnati, OH-KY-IN market declined by 27,591 jobs in January and the unemployment rate increased compared to the prior month by 60 bps to 5.3%. The national unemployment rate increased by 31 bps over the same time to 6.8%.
- Cincinnati, OH-KY-IN unemployment rate is 151 bps below the national rate which is a positive sign.
- Unemployment in the market is 100 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in January versus prior month by 2.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -2.2%. Key sectors include:
- Transportation & Utilities: 215,600; -10,000
- Education & Healthcare: 168,000; -1,000
- Business Services: 162,100; -6,100
- Government: 122,100; -3,600
- Manufacturing: 111,800; -100
- Restaurants & Hotels: 93,200; -1,800
- Financial Services: 74,200; no change
- Construction, Mining: 44,300; -800
- Other Jobs: 37,600; +400
- IT & Development: 12,900; -100
Data is based on the most recent 12 months available, through January 2021 (Data published March 2021 and reports created on March 25, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.