Economic Research and Data

Economic Trends

Filling you in on the current state of the economy

Fourth District Employment Conditions

The Fourth District’s unemployment rate rose from 5.0 percent in October to 5.2 percent in November. The main causes were a 4.8 percent monthly increase in the number of unemployed and slight reductions in employment (–0.3 percent) and the labor force (–0.1 percent). Over the same period, the U.S. unemployment rate rose from 4.4 percent to 4.5 percent.

Unemployment Rates*

*Shaded bars represent recessions.
a. Seasonally adjusted using the Census Bureau’s X-11 procedure.


In November, 12 of the District’s counties posted unemployment rates below the national average, another 12 counties were close to average, and the remaining 145 exceeded the U.S. rate; these levels were slightly higher than October’s. The vast majority of counties (151) reported rising unemployment rates. However, rates remained low in the Columbus, Pittsburgh, and Lexington metropolitan areas.


Unemployment Rates, November 2006*

*Seasonally adjusted using the Census Bureau’s X-11 procedure.


As for employment growth, Lexington was the only metro area in the District that has kept pace with the U.S. since November. The District’s goods-producing industries continued to lose jobs, whereas its service-providing industries were the main engines of growth. Only Dayton lost service-sector jobs over the past year. Lexington is the fastest-growing metro area in the District, but Cincinnati’s employment has also grown 1.0 percent, with a 1.4 percent increase in service-sector jobs.


Payroll Employment by Metropolitan Statistical Area

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Data Sources for Charts: U.S. Department of Labor, Bureau of Labor Statistics; Kentucky Office of Employment and Training, Workforce Kentucky; Ohio Department of Job and Family Services, Bureau of Labor Market Information; Pennsylvania Department of Labor and Industry, Center for Workforce Information and Analysis; and West Virginia Bureau of Employment Programs, Workforce West Virginia.

Economic Trends is published by the Research Department of the Federal Reserve Bank of Cleveland.

Views stated in Economic Trends are those of individuals in the Research Department and not necessarily those of the Federal Reserve Bank of Cleveland or of the Board of Governors of the Federal Reserve System. Materials may be reprinted provided that the source is credited.

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ISSN 0748-2922