Economic Development

Ohio Unemployment at 4.9% in October

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YOUNGSTOWN, Ohio – Ohio’s unemployment rate was 4.9% last month, up from 4.8% in September, the Ohio Department of Job and Family Services reported. The rate is also an increase from October 2015, when unemployment was at 4.7%.

Nationally, the unemployment rate in October was 4.9%, 0.1% lower than a month prior to October 2015.

Nonagricultural wage and salary employment dropped 2,800 over the month to 5,496,600. The number of unemployed in Ohio was 280,000, up 5,000 from a month earlier.

Goods-producing industries, at 907,500, added 6,400 jobs in manufacturing and construction. The private service sector lost 6,000 jobs, bringing its employment total to 3,809,900. In that sector, the hospitality, education, health and information industries gained jobs, while the business services, trade, transportation and financial industries posted losses.

Between October 2015 and October 2016, nonagricultural wage and salary employment has increased by 50,500. Goods-producing industries has increased 400 and the service-providing sector has added 38,000 jobs.

Published by The Business Journal, Youngstown, Ohio.