Overall unemployment rate moved up to 6.0% with the biggest shift in Transportation & Utilities, which lost 1,600 roles, based on the most recently available information published in March 2022.
Total employment in the Youngstown-Warren-Boardman, OH-PA market declined by 129 jobs in January and the unemployment rate increased compared to the prior month by 170 bps to 6.0%. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- Youngstown-Warren-Boardman, OH-PA unemployment rate is 157 bps above the national rate which is a negative sign.
- Unemployment in the market is 190 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in January versus prior month by 1.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -2.3%. Key sectors include:
- Transportation & Utilities: 43,900; -1,600
- Education & Healthcare: 39,400; -500
- Government: 28,100; +100
- Manufacturing: 24,000; -400
- Restaurants & Hotels: 21,500; -1,300
- Business Services: 16,900; -600
- Other Jobs: 9,300; +100
- Construction, Mining: 8,700; -600
- Financial Services: 6,700; no change
- IT & Development: 1,500; no change
Data is based on the most recent 12 months available, through January 2022 (Data published March 2022 and reports created on March 18, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.