Job Numbers Improve in Greater Cincinnati
14 Jun2010
Filed Under Housing Market · Tagged: Cincinnati, economy, job market · Print This Article
The jobless numbers have dropped across many counties in the Cincinnati area during April and May, as reported in the Cincinnati Business Courier.
Here’s a rundown of numbers from March to April of this year:
- Butler County: 10.5% (March) → 10.2% (April)
- Clermont County: 11.3% → 10.4%
- Hamilton County: 10.2% → 9.9%
- Warren County: 10.1% → 9.6%
- City of Hamilton: 12.1% → 11.8%
- City of Cincinnati: 10.6% → 10.3%
Overall in the State of Ohio, the March to April unemployment rate fell from 11.5% to 10.7%. Clinton and Highland Counties have had it the toughest, due to the closing of a DHL facility, but their unemployment rates also fell from March to April.
In May, despite hearing “dismal job reports” in the national media, unemployment nationally and in the area is still creeping down. In May, a huge chunk of jobs were attributed to temporary Census workers, not permanent jobs. But the upside is that those workers can contribute to the economy while employed. Nationally, private sector employment added 41,000 jobs. Manufacturing (+29,000), temporary help services (+31,000), and mining (+10,000) added jobs, while construction employment (-35,000) declined.
The Business Courier reports construction employment down, with most construction work attributed to Federal Stimulus projects that have already started and not as much private sector construction.
These numbers could indicate that we will see overall employment rise in Cincinnati this summer.
Read more from the Business Courier:
National jobless rate drops to 9.7% in May.
Jobless rate drops below 10% in Hamilton, Warren Counties.
Forecast: Cincinnati-area employment to rise this summer.
Unemployment falls in Cincinnati, Ohio Metros.
Construction jobs fall in Ohio, Cincinnati.


Comments
Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!