Overall unemployment rate moved down to 5.3% with the biggest shift in Restaurants & Hotels, which gained 3,500 roles, based on the most recently available information published in September 2021.
Total employment in the Cincinnati, OH-KY-IN market rose by 12,927 jobs in July and the unemployment rate decreased compared to the prior month by 20 bps to 5.3%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Cincinnati, OH-KY-IN unemployment rate is 36 bps below the national rate which is a positive sign.
- Unemployment in the market is 330 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 4.3% 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: 219,000; +900
- Business Services: 179,500; +2,800
- Education & Healthcare: 171,000; +1,100
- Restaurants & Hotels: 119,700; +3,500
- Government: 117,700; -3,400
- Manufacturing: 111,700; -600
- Financial Services: 73,000; -1,400
- Construction, Mining: 49,000; -800
- Other Jobs: 40,200; -100
- IT & Development: 13,300; +100
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.