Fourth District Employment

Article excerpt

The Fourth District's unemployment rate fell 0.5 percentage point (pp) to 5.2% in September. Over the month, employment rose 0.7%, unemployment fell 8.7%, and the labor force increased 0.2%. The change in the unemployment rate reflects state trends: Rates fell in all four of the District's states--Ohio's by 0.4 pp, Pennsylvania's by 0.3 pp, Kentucky's by 0.5 pp, and West Virginia's by 0.5 pp. By comparison, the U.S. unemployment rate was 4.6% in September, down 0.1 pp from the previous month.

[GRAPHICS OMITTED]

Unemployment rates were above the U.S. average in the great majority of Fourth District counties (139 out of 169) in September. However, almost every county (159) showed improvement between August and September. Fourth District metropolitan areas experienced similar improvement: Unemployment rates in each of the seven major metro areas in the table above decreased over the month by at least 0.4 pp.

These metro areas differed in the employment changes they have experienced since September 2005. Whereas growth in Lexington and Cincinnati kept up with the nation, Cleveland and Dayton lost employment over the year. In fact, Dayton shed jobs in both goods-producing (-2.1%) and service-providing industries (-0.6%).

Payroll Employment by Metropolitan Statistical Area
12-month percent change, September 2006

                                    Cleveland     Columbus    Cincinnati

Total nonfarm                             -0.1          0.4          1.1
  Goods-producing                         -0.3          0.4          0.3
    Manufacturing                          0.2         -0.3         -0.2
    Natural resources, mining,
      and construction                    -1.7          1.6          1.5
  Service-providing                        0.0          0.4          1.2
    Trade, transportation,
      and utilities                       -0.9         -0.1          0.1
    Information                            0.0         -1.5         -0.6
    Financial activities                  -0.5         -1.5          0.6
    Professional and business
      services                             0.4          0.7          2.3
    Education and health services          2.1          3.1          2.7
    Leisure and hospitality                0.0          0.1          2.0
    Other services                         0.0          0.8          1.9
    Government                            -1.5          0.2         -0.1
September unemployment
  rate (percent)                           5.1          4.4          4.9

                                       Dayton       Toledo    Pittsburgh

Total nonfarm                             -0. …