Overall unemployment rate moved down to 3.8% with the biggest shift in Restaurants & Hotels, which gained 900 roles, based on the most recently available information published in June 2023.
Total employment in the Youngstown-Warren-Boardman, OH-PA market rose by 3,055 jobs in April and the unemployment rate decreased compared to the prior month by 110 bps to 3.8%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Youngstown-Warren-Boardman, OH-PA unemployment rate is 70 bps above the national rate which is a negative sign.
- Unemployment in the market is 70 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 9.8% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.2% . Key sectors include:
- Transportation & Utilities: 43,400; +300
- Education & Healthcare: 41,800; +600
- Government: 27,200; -100
- Manufacturing: 26,700; -100
- Restaurants & Hotels: 24,800; +900
- Business Services: 17,200; +200
- Construction, Mining: 10,100; +500
- Other Jobs: 9,600; +100
- Financial Services: 7,000; no change
- IT & Development: 1,500; no change
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.