Overall unemployment rate moved up to 6.0% with the biggest shift in Business Services, which lost 6,400 roles, based on the most recently available information published in March 2022.
Total employment in the Cleveland-Elyria, OH market declined by 17,312 jobs in January and the unemployment rate increased compared to the prior month by 140 bps to 6.0%. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- Cleveland-Elyria, OH unemployment rate is 157 bps above the national rate which is a negative sign.
- Unemployment in the market is 130 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 4.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -2.0%. Key sectors include:
- Education & Healthcare: 193,600; -1,900
- Transportation & Utilities: 188,600; -4,400
- Business Services: 150,700; -6,400
- Government: 129,200; -2,300
- Manufacturing: 117,400; +300
- Restaurants & Hotels: 85,300; -4,300
- Financial Services: 69,200; -100
- Other Jobs: 37,900; -100
- Construction, Mining: 36,500; -1,400
- IT & Development: 13,600; no change
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.