January 25, 2022
Summary
Ohio added 8,800 net payroll jobs and the unemployment rate fell by 0.3 percentage point to 4.5 percent in December, according to Bureau of Labor Statistics (BLS) data released at 10:00am on January 25, 2022.
Over the past twelve months, Ohio added 127,600 payroll jobs and the unemployment rate fell by 1.1 percentage points from 5.6 percent.
In December, Ohio’s private sector added 11,600 net private payroll jobs and over the past twelve months it added 116,900 private payroll jobs in the establishment survey.
In the household survey, the number of unemployed fell by 18,885 on net in December, and over the past year employment fell by 811.
Ohio’s labor force participation rate rose to 61.5 percent in December from 61.3 percent. Since last year, the labor force participation rate fell by 0.7 percentage point.
The national unemployment rate fell by 0.3 percentage point in December to 3.9 percent. State employment and unemployment data for January is scheduled for release March 14, 2022. The national employment situation report for January will be released February 04, 2022.
Ohio Payroll Employment
Ohio added 8,800 net payroll jobs, or 0.2 percent, on a seasonally adjusted basis during December. In the prior month, Ohio added 17,700 jobs. Over the past twelve months, Ohio added 127,600 payroll jobs, or 2.4 percent. Ohio nonfarm payroll employment had increased in 8 of the past 12 months.
Nationally, nonfarm payrolls rose by 199,000 in December, or rose by 0.1 percent. Over the 12-month period ending with December, nonfarm payrolls rose by 6,448,000 jobs, or 4.5 percent. Ohio is tied for 39th among the 50 states and the District of Columbia for percentage gain in nonfarm payroll employment over the past 12 months.
During December, Ohio’s private-sector added 11,600 jobs, or approximately 0.2 percent. The private-sector in Ohio added 16,600 jobs in the prior month. Over the past twelve months, private-sector payrolls in Ohio added 116,900, or 2.6 percent. Ohio private-sector payroll employment has increased in 8 of the past 12 months.
Nationally, private-sector payroll jobs rose by 211,000 jobs in December, or 0.2 percent. Over the past 12 months, the national payroll rose by 5,996,000 jobs in the private sector, or 5 percent. Ohio is tied for 43rd among the 50 states and the District of Columbia for a percentage gain in private-sector payroll employment over the past 12 months.
The best performing sectors on a seasonally adjusted basis during December were Professional and Business Services (6,600) and Construction (5,700). The poorest performing sectors during the month were Financial Activities (-2,600) and Government (-2,800).
The best performing sectors during the last twelve months were Leisure and Hospitality (47,600) and Trade, Transportation, and Utilities (25,700). The poorest performing sectors during the last twelve months were Education and Health Services (-1,000) and Financial Activities (-2,600).
Ohio Labor Force Statistics
Labor Force Participation
The labor force participation rate in Ohio rose to 61.5 percent in December from 61.3 percent in the prior month. At a labor force participation rate of 61.5 percent, Ohio is tied for 28th in the nation. The labor force participation rate in Ohio fell by 0.7 percentage point from a year earlier. The labor force participation rate is the percentage of the civilian noninstitutionalized population age 16 and older who are employed or actively looking for work.
The 10-year high for the labor force participation rate in Ohio was 63.7 percent last occurring in February 2020. The series high for the labor force participation rate in Ohio last occurred in May 2007 when the labor force participation rate hit 67.7 percent. The 10-year low for the labor force participation rate was 59.8 percent in April 2020. This also represents the series low for the labor force participation rate in Ohio.
The national labor force participation rate remained steady at 61.9 percent in December. That rate rose by 0.4 percentage point from a year earlier. The all-time high for the national labor force participation rate was 67.3 percent in April 2000. The 10-year high for the national labor force participation rate was 63.8 percent in October 2012. The recent 10-year low occurred in April 2020 at a level of 60.2 percent. The series low for the national labor force participation rate was 58.1 percent in December 1954.
Employment-to-Population Ratio
The employment-to-population ratio, or the percentage of the Ohio civilian noninstitutionalized population 16 years and older counted as employed, in December rose to 58.7 from 58.3 percent in the prior month. At 58.7 percent, Ohio ranks 31st among state employment-to-population ratios in the nation. The employment-to-population ratio in Ohio fell by 0.1 percentage point from a year earlier.
The 10-year high for the employment-to-population ratio in Ohio was 60.8 percent last occurring in January 2020. The series high for the employment-to-population ratio in Ohio last occurred in March 2001 when the employment-to-population ratio hit 64.6 percent. The 10-year low for the employment-to-population ratio was 50 percent in April 2020. This also represents the series low for the employment-to-population ratio in Ohio.
The national employment-to-population ratio rose by 0.2 percentage point over the month to 59.5 percent in December. That rate rose by 2.1 percentage points from a year earlier. The all-time high for the national employment-to-population rato was 64.7 percent in April 2000. The 10-year high for the national employment-to-population ratio was 61.2 percent in February 2020. The recent 10-year low occurred in April 2020 at a level of 51.3 percent. The series low for the employment-to-population ratio was 51.3 percent in April 2020.