Overall unemployment rate moved down to 3.7% with the biggest shift in Government, which gained 3,000 roles, based on the most recently available information published in December 2021.
Total employment in the Cleveland-Elyria, OH market rose by 15,058 jobs in October and the unemployment rate decreased compared to the prior month by 50 bps to 3.7%. The national unemployment rate decreased by 30 bps over the same time to 4.3%.
- Cleveland-Elyria, OH unemployment rate is 56 bps below the national rate which is a positive sign.
- Unemployment in the market is 350 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in October versus prior month by 3.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.2% . Key sectors include:
- Education & Healthcare: 196,600; +2,800
- Transportation & Utilities: 185,100; +2,300
- Business Services: 159,000; +2,200
- Government: 132,800; +3,000
- Manufacturing: 112,400; +1,400
- Restaurants & Hotels: 91,200; +1,400
- Financial Services: 65,500; -300
- Construction, Mining: 40,700; -800
- Other Jobs: 32,500; no change
- IT & Development: 12,400; no change
Data is based on the most recent 12 months available, through October 2021 (Data published December 2021 and reports created on December 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.