Economic News

The unemployment rate in May 2022 for the City of Mentor increased 0.4% to 4.6% and one year ago, the unemployment rate was 4.7%. For Lake County the unemployment rate remained at 4.7% in May 2022 and one year prior, it was 5.2%.

Among cities in Ohio with a population of 50,000 or more, Kettering has the lowest unemployment rate with 3.0%, and Columbus has next lowest rate at 3.1%. Cuyahoga Falls and Springfield have the third and fourth lowest rates at 3.2% and 3.7%, while the City of Mentor has the fifth lowest unemployment rate at 4.6%. The City’s civilian labor force decreased 500 to 25,400.

The State of Ohio’s unemployment rate decreased 0.1% to 3.6% in May 2022. The rate for the State is 5.1% in May 2021.

SOURCE:  May 2022 Civilian Labor Force Estimates – Ohio Department of Job & Family Services, Office of Workforce Development and Bureau of Labor Market Information.