April 2017 Labor Market Information

April 2017 NewsWIB Labor Market Information

Ohio, Hamilton County, Cincinnati

and Cincinnati MSA

Current Employment & Unemployment Data

The following labor market information was updated in February 2017. All employment and unemployment figures are "seasonally adjusted."

Ohio's unemployment rate = 5.1%
Ohio's employed = 5,445,000
Ohio's unemployed = 294,000

Hamilton County's unemployment rate = 4.7%
Hamilton County's employed = 385,700
Hamilton County's unemployed = 18,900

Cincinnati MSA's unemployment rate = 4.7%
Cincinnati MSA's employed = 1,038,600
Cincinnati MSA's unemployed = 51,700

City of Cincinnati's unemployment rate = 5.0%
City of Cincinnati's employed = 135,600
City of Cincinnati's unemployed = 7,200

Additional information at www.ohiolmi.com.

Did You Know?

Tech and Talent: A Match Made

in the Cloud

September 5, 2016

by Rick Bell for Workforce Magazine

"While some would argue that the dawn of high-tech people management commenced once personnel managers realized that maintaining spreadsheets on a desktop computer made tracking employee records a whole lot simpler, most experts agree that human resources technology truly took off at the turn of the 21st century."

"...the internet had grown beyond a mere curiosity and by that time the trendier term "human resources" had relegated the stodgy personnel administration department to the organizational Dark Ages."

Click here to read Rick Bell's article on Tech and Talent.

National LMI Updates

for March 2017

Employment

Nonfarm payroll increased by 235,000 in March 2017, and the U.S. unemployment rate declined to 4.5 percent. According to the U.S. Bureau of Labor Statistics, employment increased in professional and business services and in mining, while retail trade lost jobs.

Employment in Professional and Business services continued to trend up adding 56,000 jobs - in line with the average monthly gain over the prior 12 months.
Mining added 11,000 jobs, with most of the gain occurring in support activities for mining.
Health care employment rose by 14,000 jobs.
Financial activities continued to trend up adding 9,000 jobs.

February 2017 average hourly earnings for all employees on private nonfarm payrolls increased to $26.14. The average workweek was 34.3 hours.

Unemployment

The number of persons unemployed was 7.2 million in March 2017 and the unemployment rate dropped to 4.5%.
The unemployment rate for one major worker group remained steady: Adult Men (4.3%). However, rates decreased for Adult Women (4.0%); Teenagers (13.7%); Whites (3.9%); Hispanics (5.1%); Asians (3.3%) and Blacks (8.0%).

Click here for more information reported by the Bureau of Labor Statistics on April 7, 2017.

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