Overall unemployment rate moved up to 5.3% with the biggest shift in Restaurants & Hotels, which gained 1,600 roles, based on the most recently available information published in August 2022.
Total employment in the Youngstown-Warren-Boardman, OH-PA market declined by 623 jobs in June and the unemployment rate increased compared to the prior month by 120 bps to 5.3%. The national unemployment rate increased by 46 bps over the same time to 3.8%.
- Youngstown-Warren-Boardman, OH-PA unemployment rate is 146 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) declined in June versus prior month by -1.3% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Transportation & Utilities: 45,300; +1,000
- Education & Healthcare: 38,400; -500
- Restaurants & Hotels: 27,400; +1,600
- Government: 26,800; -800
- Manufacturing: 24,800; +300
- Business Services: 17,000; -200
- Construction, Mining: 10,100; +300
- Other Jobs: 9,500; +100
- Financial Services: 6,600; no change
- IT & Development: 1,500; no change
Data is based on the most recent 12 months available, through June 2022 (Data published August 2022 and reports created on August 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.