Overall unemployment rate moved up to 3.9% with the biggest shift in Transportation & Utilities, which lost 7,300 roles, based on the most recently available information published in March 2022.

Total employment in the Cincinnati, OH-KY-IN market declined by 13,047 jobs in January and the unemployment rate increased compared to the prior month by 110 bps to 3.9%. The national unemployment rate increased by 74 bps over the same time to 4.4%.

  • Cincinnati, OH-KY-IN unemployment rate is 53 bps below the national rate which is a positive sign.
  • Unemployment in the market is 140 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in January versus prior month by 6.5% 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 January 2022

For key employment segments of the market, total jobs declined by -2.0%. Key sectors include:

  • Transportation & Utilities: 226,200; -7,300
  • Business Services: 169,200; -4,200
  • Education & Healthcare: 163,300; -1,900
  • Government: 124,800; -1,000
  • Manufacturing: 115,200; -500
  • Restaurants & Hotels: 103,800; -4,300
  • Financial Services: 76,500; -300
  • Construction, Mining: 48,700; -2,300
  • Other Jobs: 37,400; no change
  • IT & Development: 13,400; no change
Cincinnati, OH-KY-IN Unemployment by Industry January 2022

Data is based on the most recent 12 months available, through January 2022 (Data published March 2022 and reports created on March 18, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.