Overall unemployment rate moved down to 4.7% with the biggest shift in Business Services, which lost 3,400 roles, based on the most recently available information published in September 2022.
Total employment in the Cleveland-Elyria, OH market rose by 3,805 jobs in August and the unemployment rate decreased compared to the prior month by 40 bps to 4.7%. The national unemployment rate stayed flat over the same time period at 3.8%.
- Cleveland-Elyria, OH unemployment rate is 91 bps above the national rate which is a negative sign.
- Unemployment in the market is 100 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 6.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.3%. Key sectors include:
- Education & Healthcare: 192,800; +1,000
- Transportation & Utilities: 186,700; -300
- Business Services: 158,900; -3,400
- Government: 130,600; -800
- Manufacturing: 119,500; +300
- Restaurants & Hotels: 108,900; -200
- Financial Services: 68,200; +100
- Other Jobs: 42,000; no change
- Construction, Mining: 41,700; -200
- IT & Development: 14,100; no change
Data is based on the most recent 12 months available, through August 2022 (Data published September 2022 and reports created on September 28, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.