Cincinnati cranks out biggest job growth in a year

Thursday Jun 05, 2014

Greater Cincinnati employers added more jobs last month than they have in any month during the past year.

Cincinnati companies added 15,100 jobs in April, sending non-farm employment totals spiraling to 1,040,600, according to figures released Tuesday by the Ohio Department of Job and Family Services. That’s the biggest single-month local job growth since a year ago. Greater Cincinnati employers added 17,100 jobs in April 2013.

Meanwhile, the unemployment rate plummeted to 5 percent from 5.8 percent in March. It’s now at its lowest point in exactly six years. Greater Cincinnati’s jobless rate hit 4.7 percent in April 2008 before rising to 6 percent two months later.

The local jobs picture has enormously brightened from the gloomy slow-growth period of a few years ago. Jobs have grown by 1.7 percent over the past year, with 17,500 more jobs here than a year ago. And unemployment has improved from 6.6 percent a year go.

Julie Heath, director of the University of Cincinnati’s Economics Center, sees the results as clear sign that things are getting markedly better in the local economy.

“The numbers indicate a state and local economy that continues to improve,” Heath told me. “Cincinnati, in particular, is well-situated as the recovery continues because of its diversity in employment and the strong health sector.”

Leisure and hospitality jobs jumped by 6,200 during the month, spurring last month’s growth. The construction industry added fuel to the fire, expanding by 2,000 jobs.

Transportation and utilities jobs soared 4,300 compared with a year ago. Education and health employment grew 4,000. The construction sector added 2,400 jobs in the past year, while manufacturing employment grew by 2,000.

Steve Watkins

Staff Reporter-

Cincinnati Business Courier

Original article can be found at: http://www.bizjournals.com/cincinnati/news/2014/05/21/cincinnati-cranks-...

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