Overall unemployment rate moved up to 3.9% with the biggest shift in Restaurants & Hotels, which gained 4,100 roles, based on the most recently available information published in August 2022.
Total employment in the Cincinnati, OH-KY-IN market declined by 7,550 jobs in June and the unemployment rate increased compared to the prior month by 90 bps to 3.9%. The national unemployment rate increased by 46 bps over the same time to 3.8%.
- Cincinnati, OH-KY-IN unemployment rate is 6 bps above the national rate which is a negative 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 June versus prior month by 5.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Transportation & Utilities: 224,400; +300
- Business Services: 175,300; -100
- Education & Healthcare: 163,100; -1,500
- Government: 121,300; -3,600
- Restaurants & Hotels: 120,300; +4,100
- Manufacturing: 117,300; -100
- Financial Services: 76,000; -700
- Construction, Mining: 53,600; +1,600
- Other Jobs: 38,300; +200
- IT & Development: 14,100; +200
Data is based on the most recent 12 months available, through June 2022 (Data published August 2022 and reports created on August 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.