January 2016                  NewsWIB Labor Market Information
Ohio, Hamilton County, Cincinnati MSA 
Current Employment and Unemployment Data

The following information was reported at the end of November 2015.  All employment and unemployment figures are "seasonally adjusted."

  • Ohio's unemployment rate = 4.5% 
  • Ohio's employed = 5,456,000 
  • Ohio's unemployed = 255,000 
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  • Hamilton County's unemployment rate = 4.2%
  • Hamilton County's employed = 389,700
  • Hamilton County's unemployed = 17,000
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  • Cincinnati MSA's unemployment rate = 4.2%%
  • Cincinnati MSA's employed = 1,031,000
  • Cincinnati MSA's unemployed = 44,800

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  • City of Cincinnati's unemployment rate = 4.6%
  • City of Cincinnati's employed = 137,100
  • City of Cincinnati's unemployed = 6,600

Additional information is available at www.ohiolmi.com. 

2016 Best and Worst Cities to Find a Job

Excerpt from article by Richie Bernardo, WalletHub.com, 
January 4, 2016

"It's a good time to be on the job market, especially if you are a recent college gradudate.The National Association for Business Economics expects nonfarm employment to grow by nearly 210,000 jobs per month as unemployment falls to 4.7 by fourth quarter. According to the National Association of Colleges and Employers, fewer than 2 percent of positions requiring a bachelor's degree or higher were unfilled in 2015, and more than 60 percent of employers plan to raise starting salaries this year. That's twice as many employers who were willing to do so for the Class of 2010."
 
"...In order to assess the relative strength of local job markets, WalletHub's analysts compared 150 of the most populated U.S. cities across 17 key metrics. They range from job opportunities to employment growth."

Great news...Cincinnati ranked #27 out of the top 150 most populated cities and the #2 city with the highest number of job opportunities.

For more information on WalletHub's article, click here.
National LMI Updates 2015
 
Employment
 
Total non-farm payroll employment rose by 292,000 in December, and the unemployment rate was unchanged at 5.0 percent.  Employment gains were led by professional and business services, construction, health care, and food services and drinking places.  
 
Unemployment 
  • The number of unemployed persons, at 7.9 million, was essentially unchanged in December, and the unemployment rate was 5 percent for the third month in a row. 
  • Among the major worker groups, the unemployment rate for blacks declined to 8.3 percent in December, while the rates for adult men (4.7 percent), adult women (4.4 percent), teenagers (16.1 percent), whites (4.5 percent), Asians (4.0 percent), and Hispanics (6.3 percent) showed little or no change. 
  • The number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged at 2.1 million in December and accounted for 26.3 percent of the unemployed.  
Sources: Bureau of Labor Statistics Employment Summary
                U.S. Department of Labor

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         Issue -2016-01

Top 10 Companies
Hiring in
 Hamilton County
November 2015
  • Fifth Third Bancorp
  • University of Cincinnati
  • Robert Half International
  • UC Healthcare Inc.
  • General Electric Company
  • Oracle Corporation
  • Cincinnati Children's Hospital Medical Center
  • Accenture Ltd.
  • PNC Financial Services
  • The Kroger Co.
� Copyright 2015 EMSI

Top Job Postings
November 2015
  • Heavy and Tractor-Trailer Truck Drivers
  • Registered Nurses
  • Retail Salespersons
  • First Line Supervisors of Retail Sales Workers
  • Customer Service Reps
  • First Line Supervisors of Office and Administrative Support Workers
  • Marketing Managers
  • Sales Managers
  • Software Developers, Applications
  • Computer Systems Analysts
� Copyright 2015 EMSI

Integrating Millennials into the Workfplace

Many articles have been written recently that identify the millennial population's likes and dislikes, work habits, technology dependence, ethics, economic outlook and "save the planet" interests.

Millennials will soon outnumber Gen-Xers and Boomers in the workplace. Workforce experts have researched this young population and recommend strategies to support their successful on- boarding and retention.
  
In a recent Huffington Post article dated January 5, 2016, by Jamee Tenzer, Executive Coach, Mentor and Trainer, shares her thoughts on how to best integrate millennials into the workplace.  
Prepared by:
cbrueggeman@sworwib.org
Southwest Ohio Region Workforce Investment Board
513-612-3678