Overall unemployment rate moved down to 7.3% with the biggest shift in Business Services, which lost 5,300 roles, based on the most recently available information published in March 2021.
Total employment in the Cleveland-Elyria, OH market rose by 13,517 jobs in January and the unemployment rate decreased compared to the prior month by 30 bps to 7.3%. The national unemployment rate increased by 31 bps over the same time to 6.8%.
- Cleveland-Elyria, OH unemployment rate is 49 bps above the national rate which is a negative sign.
- Unemployment in the market is 230 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 4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -2.3%. Key sectors include:
- Education & Healthcare: 193,300; -2,000
- Transportation & Utilities: 179,000; -3,900
- Business Services: 145,500; -5,300
- Government: 125,600; -3,900
- Manufacturing: 110,000; -3,300
- Restaurants & Hotels: 81,900; -1,900
- Financial Services: 66,900; +600
- Construction, Mining: 34,600; -2,800
- Other Jobs: 33,500; -500
- IT & Development: 12,100; -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.