Overall unemployment rate moved down to 4.5% with the biggest shift in Restaurants & Hotels, which lost 4,600 roles, based on the most recently available information published in November 2022.
Total employment in the Cleveland-Elyria, OH market declined by 18,147 jobs in September and the unemployment rate decreased compared to the prior month by 10 bps to 4.5%. The national unemployment rate decreased by 47 bps over the same time to 3.3%.
- Cleveland-Elyria, OH unemployment rate is 118 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 September versus prior month by 8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.7%. Key sectors include:
- Education & Healthcare: 195,100; +1,700
- Transportation & Utilities: 186,000; -600
- Business Services: 157,900; -2,000
- Government: 131,500; +500
- Manufacturing: 119,500; -300
- Restaurants & Hotels: 103,600; -4,600
- Financial Services: 67,700; -1,000
- Construction, Mining: 41,200; -300
- Other Jobs: 41,200; -1,200
- IT & Development: 14,000; -100
Data is based on the most recent 12 months available, through September 2022 (Data published November 2022 and reports created on November 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.