Overall unemployment rate moved up to 5.5% with the biggest shift in Restaurants & Hotels, which gained 6,800 roles, based on the most recently available information published in June 2022.
Total employment in the Cleveland-Elyria, OH market rose by 14,577 jobs in May and the unemployment rate increased compared to the prior month by 10 bps to 5.5%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Cleveland-Elyria, OH unemployment rate is 212 bps above the national rate which is a negative sign.
- Unemployment in the market is 50 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 8.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.4% . Key sectors include:
- Education & Healthcare: 195,700; -500
- Transportation & Utilities: 187,600; +1,500
- Business Services: 162,100; +2,900
- Government: 135,400; +2,800
- Manufacturing: 118,700; -600
- Restaurants & Hotels: 101,300; +6,800
- Financial Services: 68,500; -900
- Construction, Mining: 40,800; +1,400
- Other Jobs: 40,800; +800
- IT & Development: 14,000; +200
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.