Cincinnati area’s jobless rate drops below 10% in May
Unemployment rates have fallen a half-point in May; reaching less than 10% in the region of Northern Kentucky and Greater Cincinnati. This can be marked to be the lowest rate in the past six months. A 9.7% unemployment rate prevailed in the 15-county region in the month of May, which was a drop from 10.2% in April, according to the Ohio department of Job and Family Services’ data release. 10,500 local residents obtained employments additionally during May and hence the region’s labor force seems to be ebbing with the indication that several individuals were optimistic of the improving economy and sought work. Some even bought Mason OH homes for sale or looked into Cincinnati real estate.
Though this might seem to be a good news, it is not when a comparison of the statistics is done. Unemployment rate in this May is higher than that in last year’s May. In fact, this region constituting the Clermont, Butler, Hamilton, Warren and Brown counties in Southwest Ohio, Franklin and Ohio counties in Southeast Indiana, Grant and Pendleton counties in Northern Kentucky, Kenton, Campbell, Dearborn, Boone, Gallatin and Bracken, had a greater jobless rate as compared to the nation (9.3%).
Among the counties of Southwest Ohio, Warren County’s unemployment rate of 8.9% was the lowest in May, which was a drop from 9.6% in April. Butler, Hamilton and Clermont’s unemployment rates in May were 9.6%, 9.4%, 9.6%, which was a drop from 10.2%, 9.9% and 10.4% respectively. All the local counties had higher jobless rates in May 2010 than that in May 2009. Clinton and Delaware Counties among the 88 counties of Ohio had the highest and the lowest rates of 16.9% and 7.2% respectively as usual. Kentucky and Indiana’s county data were unavailable.
All the major cities of Southwest Ohio had a drop in unemployment rates. Cincinnati, Mason, Hamilton, Norwood and Middletown had a jobless rate of 9.9%, 7.3%, 11.2%, 10.2%, 10.8%, which was a drop from 10.3%, 7.7%, 11.9%, 10.4%, and 11.5% respectively in April. Similarly, all cities had greater unemployment rates in May 2010 than that in May 2009. Youngstown and Cleveland Heights of Ohio cities had the highest and the lowest rates of 13.3% and 7.1% respectively.
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