Overall unemployment rate moved down to 4.2% with the biggest shift in Education & Healthcare, which gained 2,200 roles, based on the most recently available information published in May 2023.
Total employment in the Cleveland-Elyria, OH market rose by 3,604 jobs in March and the unemployment rate decreased compared to the prior month by 70 bps to 4.2%. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Cleveland-Elyria, OH unemployment rate is 58 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 March versus prior month by 5.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Education & Healthcare: 206,200; +2,200
- Transportation & Utilities: 178,800; -600
- Business Services: 152,300; +800
- Government: 130,500; +1,200
- Manufacturing: 121,200; +1,100
- Restaurants & Hotels: 89,200; -800
- Financial Services: 72,800; -700
- Other Jobs: 39,200; +100
- Construction, Mining: 37,500; -700
- IT & Development: 15,800; no change
Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.