Overall unemployment rate moved down to 3.4% with the biggest shift in Education & Healthcare, which lost 500 roles, based on the most recently available information published in December 2021.
Total employment in the Huntington-Ashland, WV-KY-OH market rose by 1,047 jobs in October and the unemployment rate decreased compared to the prior month by 40 bps to 3.4%. The national unemployment rate decreased by 30 bps over the same time to 4.3%.
- Huntington-Ashland, WV-KY-OH unemployment rate is 86 bps below the national rate which is a positive sign.
- Unemployment in the market is 230 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 3.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Education & Healthcare: 27,800; -500
- Transportation & Utilities: 25,600; +500
- Government: 22,600; +300
- Restaurants & Hotels: 13,700; +400
- Business Services: 13,200; +200
- Manufacturing: 10,900; +200
- Construction, Mining: 7,700; +100
- Financial Services: 4,300; no change
- Other Jobs: 3,900; no change
- IT & Development: 1,000; -100
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.