Overall unemployment rate moved up to 6.7% with the biggest shift in Restaurants & Hotels, which gained 3,900 roles, based on the most recently available information published in April 2022.
Total employment in the Cleveland-Elyria, OH market declined by 1,897 jobs in March and the unemployment rate increased compared to the prior month by 30 bps to 6.7%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- Cleveland-Elyria, OH unemployment rate is 295 bps above the national rate which is a negative sign.
- Unemployment in the market is 20 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in March versus prior month by 7.3% and are up 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:
- Education & Healthcare: 197,200; +100
- Transportation & Utilities: 185,300; -700
- Business Services: 153,200; -600
- Government: 132,700; +1,600
- Manufacturing: 118,900; +1,600
- Restaurants & Hotels: 92,700; +3,900
- Financial Services: 68,300; -900
- Other Jobs: 38,700; +100
- Construction, Mining: 36,600; +700
- IT & Development: 13,600; 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.