Labor Day: A look at Cincinnati's unemployment rate
CINCINNATI, OH (FOX19) -
Thousands of workers will be celebrating employment and the right to work during the annual AFL-CIO Labor Day picnic.
There is some positive economic news on this Labor Day. According to the Bureau of Labor statistics, unemployment numbers are going down in the United States. The unemployment rate sits at 6.2 percent compared to 7.3 percent in July of 2013 and 209,000 non-farm jobs were added in July.
Job gains happened in professional, business services, manufacturing, retail and construction. According to Forbes Magazine, the economy has added 200,000 or more jobs in six straight months, the first time since 1997. Labor force participation also grew slightly, showing more working-age people are either working or looking for a job.
Compared to the nation, Cincinnati's unemployment rate is much lower at a preliminary 5.6 percent. Last July, the Queen City was at 7.2 percent.
Ohio's jobless rate is slightly higher than Cincinnati at 5.7 percent. The unemployment numbers for August will be released on Friday.