Ohio Unemployment Steady at 4.3%
COLUMBUS, Ohio – Ohio’s unemployment rate was 4.3% in May 2018, unchanged from April and down from 5.1% a year ago, the Ohio Department of Job and Family Services reported this morning.
The U.S. unemployment rate for May was 3.8%, down from 3.9% in April and 4.3% in May 2017.
Ohio’s nonagricultural wage and salary employment increased 22,600 over the month to 5,598,600 in May, according to the latest business establishment survey conducted by the U.S. Department of Labor’ Bureau of Labor Statistics in cooperation with ODJFS.
Employment in goods-producing industries, at 933,700, increased 6,700 over the month with gains in construction, manufacturing, and mining and logging. The private service-providing sector, at 3,877,000, added 13,400 jobs, rising to 3,877,000 employed in the sector, with gains in transportation and utilities, financial activities, leisure and hospitality, professional and business services, educational and health services, and information.
Government employment increased 2,500 to 787,900 in local and state government. Federal government did not change over the month.
Year-over-year, nonagricultural wage and salary employment grew 76,200. Employment in goods-producing industries increased 18,400 in May. Manufacturing added 10,200 jobs in durable goods and nondurable goods. Construction added 7,100 jobs and mining and logging added 1,100 jobs.
Employment in the private service-providing sector increased 50,200 as gains in transportation and utilities, educational and health services, leisure and hospitality, financial activities, other services, and professional and business services outweighed losses in information. Government employment increased 7,600, as gains in state and local government exceeded losses in federal government.
Copyright 2022 The Business Journal, Youngstown, Ohio.