Ohio’s unemployment rate was 6.9 percent in October, down from 7.1 percent in September, according to data released by the Ohio Department of Job and Family Services (ODJFS). Unlike last month, this time the decrease is due to more people finding employment.
Ohio’s nonfarm wage and salary employment increased 13,900 over the month from the revised 5,178,000 in September to 5,191,900 in October.
The number of workers unemployed in Ohio in October was 396,000, down from 406,000 in September. The number of unemployed has decreased by 88,000 in the past 12 months from 484,000. The October unemployment rate for Ohio was down from 8.3 percent in October 2011.
The U.S. unemployment rate for October was 7.9 percent, up from 7.8 percent in September, and down from 8.9 percent in October 2011.
The local rate for Marion County is expected to be released next week.
Total Nonagricultural Wage and Salary Employment (Seasonally Adjusted)
Ohio’s nonfarm payroll employment increased 13,900 over the month, from a revised 5,178,000 in September to 5,191,900 in October, according to the latest business establishment survey conducted by the U.S. Department of Labor (Bureau of Labor Statistics) in cooperation with ODJFS.
Service-providing industries added 16,000 jobs over the month to 4,347,600. Gains were seen in professional and business services (+7,300), government (+5,200), educational and health services (+3,400), and other services (+3,100). Also posting gains were financial activities (+400), leisure and hospitality (+300), and information (+100). Job losses occurred in trade, transportation, and utilities (-3,800). Goods-producing industries, at 844,300, were down 2,100 from September. Manufacturing lost 2,200 jobs over the month. Construction added 300 jobs, but mining and logging lost 200.
From October 2011 to October 2012, nonagricultural wage and salary employment rose by 96,500. Service-providing industries added 82,700 jobs. The gains occurred in educational and health services (+25,300), professional and business services (+21,300), trade, transportation and utilities (+14,600), other services (+9,400), leisure and hospitality (+9,100), and finincial activities (+3,900). Over-the-year declines were posted in government (-500) and information (-400). Goods-producing industries increased 13,800. Manufacturing gained 13,500 jobs through expansions in durable goods (+11,000) and nondurable goods (+2,500). Construction added 1,100 jobs. Mining and logging employment decreased 800.
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