Overall unemployment rate moved up to 3.8% with the biggest shift in Manufacturing, which gained 1,500 roles, based on the most recently available information published in February 2022.
Total employment in the Cleveland-Elyria, OH market declined by 10,067 jobs in December and the unemployment rate increased compared to the prior month by 10 bps to 3.8%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- Cleveland-Elyria, OH unemployment rate is 11 bps above the national rate which is a negative sign.
- Unemployment in the market is 380 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in December versus prior month by 4.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:
- Education & Healthcare: 196,300; +400
- Transportation & Utilities: 193,100; +300
- Business Services: 157,500; -200
- Government: 133,000; -100
- Manufacturing: 110,800; +1,500
- Restaurants & Hotels: 88,500; -1,300
- Financial Services: 66,100; -100
- Construction, Mining: 40,500; -100
- Other Jobs: 33,500; +800
- IT & Development: 12,600; no change
Data is based on the most recent 12 months available, through December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.