Overall unemployment rate moved down to 3.4% with the biggest shift in Restaurants & Hotels, which gained 2,700 roles, based on the most recently available information published in April 2022.
Total employment in the Cincinnati, OH-KY-IN market rose by 10,877 jobs in March and the unemployment rate decreased compared to the prior month by 40 bps to 3.4%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- Cincinnati, OH-KY-IN unemployment rate is 35 bps below the national rate which is a positive sign.
- Unemployment in the market is 150 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 7.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Transportation & Utilities: 225,100; -1,500
- Business Services: 169,700; +1,700
- Education & Healthcare: 163,600; -100
- Government: 128,700; +900
- Manufacturing: 116,600; +200
- Restaurants & Hotels: 108,600; +2,700
- Financial Services: 76,800; +700
- Construction, Mining: 49,400; +1,800
- Other Jobs: 37,000; -200
- IT & Development: 13,500; no change
Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.