Overall unemployment rate moved down to 5.3% with the biggest shift in Restaurants & Hotels, which lost 2,700 roles, based on the most recently available information published in September 2021.
Total employment in the Cleveland-Elyria, OH market declined by 24,133 jobs in August and the unemployment rate decreased compared to the prior month by 60 bps to 5.3%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Cleveland-Elyria, OH unemployment rate is 1 bps above the national rate which is a negative sign.
- Unemployment in the market is 280 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August 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 declined by -0.5%. Key sectors include:
- Education & Healthcare: 191,600; -1,000
- Transportation & Utilities: 179,000; -600
- Business Services: 158,100; +100
- Government: 126,800; -500
- Manufacturing: 112,800; +1,500
- Restaurants & Hotels: 92,800; -2,700
- Financial Services: 66,600; +100
- Construction, Mining: 40,900; -1,000
- Other Jobs: 32,900; -800
- IT & Development: 12,600; no change
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.