Overall unemployment rate moved up to 5.5% with the biggest shift in Restaurants & Hotels, which gained 8,200 roles, based on the most recently available information published in July 2021.
Total employment in the Cincinnati, OH-KY-IN market rose by 12,032 jobs in June and the unemployment rate increased compared to the prior month by 120 bps to 5.5%. The national unemployment rate increased by 60 bps over the same time to 6.1%.
- Cincinnati, OH-KY-IN unemployment rate is 59 bps below the national rate which is a positive sign.
- Unemployment in the market is 320 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 5.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.3% . Key sectors include:
- Transportation & Utilities: 218,200; +2,200
- Business Services: 176,800; +4,000
- Education & Healthcare: 170,100; -200
- Government: 120,800; -3,900
- Restaurants & Hotels: 116,600; +8,200
- Manufacturing: 112,300; +700
- Financial Services: 74,400; +1,000
- Construction, Mining: 50,000; +900
- Other Jobs: 40,400; +1,200
- IT & Development: 13,200; +100
Data is based on the most recent 12 months available, through June 2021 (Data published July 2021 and reports created on July 28, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.