Overall unemployment rate moved up to 5.1% with the biggest shift in Restaurants & Hotels, which gained 3,000 roles, based on the most recently available information published in June 2021.
Total employment in the Cleveland-Elyria, OH market declined by 10,808 jobs in May and the unemployment rate increased compared to the prior month by 50 bps to 5.1%. The national unemployment rate decreased by 25 bps over the same time to 5.5%.
- Cleveland-Elyria, OH unemployment rate is 40 bps below the national rate which is a positive sign.
- Unemployment in the market is 1,220 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 5.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Education & Healthcare: 195,400; -1,100
- Transportation & Utilities: 177,100; -400
- Business Services: 155,700; +900
- Government: 131,600; +1,500
- Manufacturing: 110,300; -100
- Restaurants & Hotels: 88,100; +3,000
- Financial Services: 67,200; -300
- Construction, Mining: 38,800; +2,000
- Other Jobs: 34,500; no change
- IT & Development: 12,200; +100
Data is based on the most recent 12 months available, through May 2021 (Data published June 2021 and reports created on June 30, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.