Overall unemployment rate moved down to 4.2% with the biggest shift in Restaurants & Hotels, which lost 2,400 roles, based on the most recently available information published in January 2022.
Total employment in the Cleveland-Elyria, OH market declined by 4,812 jobs in November and the unemployment rate decreased compared to the prior month by 60 bps to 4.2%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Cleveland-Elyria, OH unemployment rate is 84 bps above the national rate which is a negative sign.
- Unemployment in the market is 20 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 7.8% and are down 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: 199,100; +800
- Transportation & Utilities: 188,900; +1,900
- Business Services: 156,500; -1,000
- Government: 134,700; +1,700
- Manufacturing: 119,500; +500
- Restaurants & Hotels: 99,700; -2,400
- Financial Services: 68,800; no change
- Other Jobs: 42,300; +200
- Construction, Mining: 40,500; +500
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.