Overall unemployment rate moved down to 3.4% with the biggest shift in Restaurants & Hotels, which gained 5,700 roles, based on the most recently available information published in June 2023.
Total employment in the Cleveland-Elyria, OH market rose by 10,756 jobs in April and the unemployment rate decreased compared to the prior month by 80 bps to 3.4%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Cleveland-Elyria, OH unemployment rate is 30 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 April versus prior month by 4.3% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.1% . Key sectors include:
- Education & Healthcare: 206,800; +500
- Transportation & Utilities: 177,500; -600
- Business Services: 154,100; +1,900
- Government: 130,300; -100
- Manufacturing: 120,500; -400
- Restaurants & Hotels: 94,700; +5,700
- Financial Services: 72,900; +100
- Construction, Mining: 41,700; +3,800
- Other Jobs: 40,400; +800
- IT & Development: 15,800; no change
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.