Tag Archives: employment statistics

Columbus Economy July 2022

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Columbus economy July 2022

For the Columbus economy July 2022 report, we find several local industries in record high territory, but with a metro labor force that is barely growing. The data comes from the Bureau of Labor Statistics.

Overall Metro Area July 2022 and Change from July 2021
Labor Force: 1,136,345 +1,050
Employed: 1,093,966 +13,074
Unemployed: 42,379 -12,024
Unemployment Rate: 3.7% -1.1
Total Non-Farm Jobs: 1,126,200 +16,400
Numbers continued the trend of improvement year-over-year, but labor force growth remained relatively slow.

Overall Metro Area July 2022 and Change from February 2020 (Pre-Pandemic)
Labor Force: 1,136,345 +15,541
Employed: 1,093,966 +17,126
Unemployed: 42,379 -1,585
Unemployment Rate: 3.7% -0.2
Total Non-Farm Jobs: 1,126,200 +14,800
The overall metro area remained better in July than the last month prior to the pandemic.

Now let’s view the results by industry.

Mining/Logging/Construction
7/2020———–7/2021———-7/2022
45,200————46,800———48,200
These industries remain near their all-time highs for total metro jobs.
Mining/Logging/Construction Jobs as a % of Total Metro Jobs
7/2020————7/2021———7/2022
4.3——————4.2————–4.3

Manufacturing
7/2020———–7/2021———-7/2022
70,100———–72,700———-72,900
Manufacturing has largely recovered from pandemic losses, but remains well below historic highs achieved decades ago.
Manufacturing Jobs as a % of Total Metro Jobs
7/2020————7/2021———-7/2022
6.7——————6.6—————6.5

Trade/Transportation/Utilities
7/2020———–7/2021———-7/2022
215,000———-225,400———240,200
These industries are at historic highs.
Trade/Transportation/Utilities Jobs as a % of Total Metro Jobs
7/2020————7/2021———7/2022
20.4—————–20.3———–21.3

Information
7/2020———–7/2021———-7/2022
15,300———–16,000———-17,000
While nowhere near previous highs of the late 1990s-early 2000s “Dot.com” boom, this industry has been steadily growing since it hit a pandemic bottom in late 2020, and has returned to levels last seen in 2019.
Information Jobs as a % of Total Metro Jobs
7/2020————7/2021———-7/2022
1.5——————1.4—————1.5

Financial Activities
7/2020———–7/2021———-7/2022
85,200———–85,900———-85,600
Financial jobs initially recovered from the pandemic recession, but then in late 2021 through part of 2022 plummeted to their lowest levels in 6 years. However, since May, they have been shooting back up and are once again close to historic highs.
Financial Activities Jobs as a % of Total Metro Jobs
7/2020————7/2021———-7/2022
8.1——————7.7—————7.6

Professional and Business Services
7/2020———–7/2021———-7/2022
172,800———-183,800———181,200
These industries have been hovering around their highs since about 2015, so it seems like these jobs have not been changing much in recent years.
Professional and Business Services Jobs as a % of Total Metro Jobs
7/2020———–7/2021———-7/2022
16.4—————-16.6————–16.1

Education and Health Services
7/2020———–7/2021———-7/2022
152,100———-159,800———161,800
While these industries have not fully recovered to pre-pandemic levels, they are relatively close to doing so.
Education and Health Services Jobs as a % of Total Metro Jobs
7/2020———–7/2021———-7/2022
14.4—————-14.4————-14.4

Leisure and Hospitality
7/2020———–7/2021———-7/2022
90,600———–105,600————108,000
This industry should be near historic highs by the holiday season, despite being hit the hardest during the recent recession.
Leisure and Hospitality Jobs as a % of Total Metro Jobs
7/2020————7/2021————7/2022
8.6——————9.5——————9.6

Other Services
7/2020———–7/2021———-7/2022
37,400———–41,100———-41,900
This industry is near historic highs.
Other Services Jobs as a % of Total Metro Jobs
7/2020———–7/2021———-7/2022
3.5—————–3.7—————-3.7

Government
7/2020———–7/2021———-7/2022
170,100———-172,700———169,400
Government jobs have been in a slow decline since the pandemic recession.
Government Jobs as a % of Total Metro Jobs
7/2020———–7/2021———-7/2022
16.1—————15.6————–15.0



April 2014 Jobs Data

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April 2014 jobs data

I haven’t given jobs data for awhile and thought it was time to update, so here is the April 2014 jobs data report. Overall, there was more good than bad with the report. Unemployment was well below the national average and falling rapidly. Employment was up and unemployment was down. The only real negative was that the labor force remained stagnant to down a bit. All data comes from the Bureau of Labor Statistics

Columbus City
Unemployment Rate: 4.3%
Unemployment Rate Change since April 2013: -1.6%
Unemployment Rate Change since January 2014: -1.5%
Civilian Labor Force: 432,300
Civilian Labor Force Change since April 2013: -1,400
Civilian Labor Force Change since January 2014: -1,400
Employment: 414,000
Employment Change since April 2013: +5,800
Employment Change since January 2014: +5,600
Unemployment: 18,400
Unemployment Change since April 2013: -7,100
Unemployment Change since January 2014: -7,000

Franklin County
Unemployment Rate: 4.3%
Unemployment Rate Change since April 2013: -1.6%
Unemployment Rate Change since January 2014: -1.6%
Civilian Labor Force: 631,700
Civilian Labor Force Change since April 2013: -1,700
Civilian Labor Force Change since January 2014: -1,900
Employment: 604,700
Employment Change since April 2013: +8,400
Employment Change since January 2014: +8,200
Unemployment: 27,000
Unemployment Change since April 2013: -10,100
Unemployment Change since January 2014: -10,100

Columbus Metro Area
Unemployment Rate: 4.3%
Unemployment Rate Change since April 2013: -1.6%
Unemployment Rate Change since January 2014: -1.7%
Civilian Labor Force: 976,173
Civilian Labor Force Change since April 2013: -2,530
Civilian Labor Force Change since January 2014: -4,023
Employment: 934,261
Employment Change since April 2013: +13,053
Employment Change since January 2014: +12,617
Unemployment: 41,912
Unemployment Change since April 2013: -15,583
Unemployment Change since January 2014: -16,640

Ohio Overall
Unemployment Rate: 5.7
Unemployment Rate Change since April 2013: -1.6%
Unemployment Rate Change since January 2014 : -1.2%
Civilian Labor Force: 5,741,473
Civilian Labor Force Change since April 2013: -27,006
Civilian Labor Force Change since January 2014: -21,655
Employment: 5,413,615
Employment Change since April 2013: +67,409
Employment Change since January 2014: +45,860
Unemployment: 327,858
Unemployment Change since April 2013: -94,415
Unemployment Change since January 2014: -67,515

Metro Non-Farm Jobs
Total: 982,500
Change from April 2013: +8,600
Change from January 2014: +16,700

By Industry
Mining/Logging/Construction Total: 32,200
Change from April 2013: +2,100
Change from January 2014: +2,900

Manufacturing Total: 67,700
Change from April 2013: +0
Change from January 2014: +1,700

Trade/Transportation/Utilities Total: 185,400
Change from April 2013: +2,900
Change from January 2014: -1,000

Information Total: 18,100
Change from April 2013: +0
Change from January 2014: +0

Financial Activities Total: 73,800
Change from April 2013: -1,100
Change from January 2014: +0

Professional and Business Services Total: 160,400
Change from April 2013: -1,800
Change from January 2014: +2,000

Education and Health Services Total: 140,600
Change from April 2013: +900
Change from January 2014: +3,400

Leisure and Hospitality Total: 99,400
Change from April 2013: +1,800
Change from January 2014: +5,500

Other Services Total: 38,400
Change from April 2013: +600
Change from January 2014: +100

Government Total: 166,500
Change from April 2013: +2,200
Change from January 2014: +2,100

May’s preliminary numbers look very good, and when those are fully released, I will do another report.