Overall unemployment rate moved down to 3.8% with the biggest shift in Restaurants & Hotels, which gained 2,000 roles, based on the most recently available information published in April 2022.

Total employment in the Cincinnati, OH-KY-IN market rose by 4,784 jobs in February and the unemployment rate decreased compared to the prior month by 10 bps to 3.8%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.

  • Cincinnati, OH-KY-IN unemployment rate is 34 bps below the national rate which is a positive sign.
  • Unemployment in the market is 120 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in February versus prior month by 5.6% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Cincinnati, OH-KY-IN Unemployment February 2022

For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:

  • Transportation & Utilities: 226,200; -400
  • Business Services: 168,100; -800
  • Education & Healthcare: 163,800; +100
  • Government: 127,900; +600
  • Manufacturing: 116,400; +600
  • Restaurants & Hotels: 106,100; +2,000
  • Financial Services: 76,100; -300
  • Construction, Mining: 47,800; -200
  • Other Jobs: 37,200; no change
  • IT & Development: 13,500; +100
Cincinnati, OH-KY-IN Unemployment by Industry February 2022

Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.