Overall unemployment rate moved down to 4.3% with the biggest shift in Restaurants & Hotels, which lost 700 roles, based on the most recently available information published in February 2022.
Total employment in the Youngstown-Warren-Boardman, OH-PA market rose by 104 jobs in December and the unemployment rate decreased compared to the prior month by 10 bps to 4.3%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- Youngstown-Warren-Boardman, OH-PA unemployment rate is 61 bps above the national rate which is a negative 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) declined in December versus prior month by -0.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.2%. Key sectors include:
- Transportation & Utilities: 44,400; +400
- Education & Healthcare: 41,200; +400
- Government: 28,100; -200
- Restaurants & Hotels: 23,500; -700
- Manufacturing: 23,000; +200
- Business Services: 17,400; +100
- Construction, Mining: 8,900; -600
- Other Jobs: 8,600; no change
- Financial Services: 6,700; no change
- IT & Development: 1,600; 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.