Overall unemployment rate moved up to 7.9% with the biggest shift in Restaurants & Hotels, which lost 1,200 roles, based on the most recently available information published in March 2021.
Total employment in the Youngstown-Warren-Boardman, OH-PA market rose by 4,585 jobs in January and the unemployment rate increased compared to the prior month by 100 bps to 7.9%. The national unemployment rate increased by 31 bps over the same time to 6.8%.
- Youngstown-Warren-Boardman, OH-PA unemployment rate is 109 bps above the national rate which is a negative sign.
- Unemployment in the market is 100 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in January versus prior month by 0.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.6%. Key sectors include:
- Transportation & Utilities: 43,300; -800
- Education & Healthcare: 41,000; -600
- Government: 26,700; -300
- Manufacturing: 23,000; +300
- Restaurants & Hotels: 19,900; -1,200
- Business Services: 18,200; +200
- Other Jobs: 8,500; -100
- Construction, Mining: 8,200; -600
- Financial Services: 6,800; -100
- IT & Development: 1,500; no change
Data is based on the most recent 12 months available, through January 2021 (Data published March 2021 and reports created on March 25, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.