Overall unemployment rate moved down to 5.1% with the biggest shift in Government, which gained 700 roles, based on the most recently available information published in April 2023.
Total employment in the Youngstown-Warren-Boardman, OH-PA market rose by 1,326 jobs in February and the unemployment rate decreased compared to the prior month by 10 bps to 5.1%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Youngstown-Warren-Boardman, OH-PA unemployment rate is 121 bps above the national rate which is a negative sign.
- Unemployment in the market is 80 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February 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 0.3% . Key sectors include:
- Transportation & Utilities: 43,200; -500
- Education & Healthcare: 42,000; +600
- Government: 27,100; +700
- Manufacturing: 26,800; +100
- Restaurants & Hotels: 24,000; +200
- Business Services: 17,200; -400
- Other Jobs: 9,600; +100
- Construction, Mining: 9,200; -100
- Financial Services: 7,000; no change
- IT & Development: 1,500; no change
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.