Overall unemployment rate moved down to 3.0% with the biggest shift in Construction, Mining, which gained 3,200 roles, based on the most recently available information published in June 2022.
Total employment in the Cincinnati, OH-KY-IN market declined by 2,928 jobs in April and the unemployment rate decreased compared to the prior month by 50 bps to 3.0%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Cincinnati, OH-KY-IN unemployment rate is 34 bps below the national rate which is a positive sign.
- Unemployment in the market is 160 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 4.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Transportation & Utilities: 224,000; -2,400
- Business Services: 173,000; +3,100
- Education & Healthcare: 163,100; -600
- Government: 128,200; -500
- Manufacturing: 116,800; no change
- Restaurants & Hotels: 111,700; +3,100
- Financial Services: 76,200; -300
- Construction, Mining: 52,300; +3,200
- Other Jobs: 36,600; -400
- IT & Development: 13,700; +200
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.