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Ohio's unemployment rate continues to fall

Written on Dec 22, 2021

Ohio's unemployment rate has continued to fall over the course of the holiday season, clocking in at 4.8% at the end of November compared to a revised 5.1% in October.

The state's non-agricultural wage and salary employment increased 12,200 from a revised 5,378,900 in October to 5,391,100 in November, based on the latest business survey conducted by the U.S. Department of Labor (Bureau of Labor Statistics) in cooperation with the Ohio Department of Job and Family Services (ODJFS). The number of unemployed workers dropped from 289,000 the previous month to 275,000 as of Nov. 30.

Over the past 12 months, ODJFS data shows Ohio's total number of unemployed has decreased 45,000 from 320,000 at the end of November 2020, when the unemployment was 5.6%.

Ohio's labor force "participation rate" was 61.3% last month -- up from 61.2% this October and down from 61.9% the previous November.

Nationally, labor force participation increased from 61.6% in October and from 61.5% in November 2020 to 61.8% last month. November's U.S. unemployment rate was 4.2%, down from 4.6% in October and falling from 6.7% year-over-year.

ODJFS data shows employment in goods-producing industries -- at 901,600 -- increased 3,200 from October to November as growth in construction (+2,800) and manufacturing (+500) offset losses in mining and logging (-100). Private sector service providers employed 3,733,300 for an increase of 8,100, with gains in leisure and hospitality (+8,000); professional and business services (+2,200); trade, transportation and utilities (+1,400); information (+400); and other services (+400) outpacing losses in educational and health services (-3,200) and financial activities (-1,100).

Public employment of 756,200 reflected an increased 900 as the federal government (+1,000) exceeded losses in state government (-100). Local government employment did not change over the month.

Year-over-year, Ohio's non-agricultural wage and salary employment increased 98,800 as of Nov. 30. Goods-producing industries increased 12,800, and manufacturing added 2,200 jobs. Growth in non-durable goods (+3,100) offset employment losses in durable goods (-900). Construction gained 11,200 jobs between November 2020 and November 2021, while mining and logging lost 600. Employment in the private service-providing sector increased 77,400. Employment gains in leisure and hospitality (+39,600); trade, transportation and utilities (+24,100); professional and business services (+17,800); information (+2,100); financial activities (+200); and other services (+900) outweighed losses in educational and health services (-7,300).

Government employment rose 8,600 year-over-year, with growth in local (+6,200), state (+2,200) and federal (+200) government.