Overall unemployment rate moved down to 7.8% with the biggest shift in Restaurants & Hotels, which gained 1,000 roles, based on the most recently available information published in April 2021.
Total employment in the Youngstown-Warren-Boardman, OH-PA market rose by 1,519 jobs in February and the unemployment rate decreased compared to the prior month by 10 bps to 7.8%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- Youngstown-Warren-Boardman, OH-PA unemployment rate is 125 bps above the national rate which is a negative sign.
- Unemployment in the market is 140 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 1.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Transportation & Utilities: 42,800; -400
- Education & Healthcare: 40,500; +300
- Government: 27,400; +200
- Manufacturing: 22,700; no change
- Restaurants & Hotels: 21,100; +1,000
- Business Services: 17,900; -300
- Other Jobs: 8,500; no change
- Construction, Mining: 8,000; -200
- Financial Services: 6,800; no change
- IT & Development: 1,500; no change
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.