Overall unemployment rate moved down to 4.1% with the biggest shift in Restaurants & Hotels, which gained 1,200 roles, based on the most recently available information published in June 2022.
Total employment in the Youngstown-Warren-Boardman, OH-PA market rose by 2,919 jobs in May and the unemployment rate decreased compared to the prior month by 30 bps to 4.1%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Youngstown-Warren-Boardman, OH-PA unemployment rate is 72 bps above the national rate which is a negative sign.
- Unemployment in the market is 210 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in May versus prior month by -0.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.1% . Key sectors include:
- Transportation & Utilities: 44,900; +1,000
- Education & Healthcare: 38,800; -500
- Government: 27,700; -400
- Restaurants & Hotels: 25,900; +1,200
- Manufacturing: 24,600; +300
- Business Services: 17,200; +100
- Construction, Mining: 9,800; +300
- Other Jobs: 9,500; +200
- Financial Services: 6,600; no change
- IT & Development: 1,500; no change
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.