Economic News

Unemployment remains among the lowest in the state.

The unemployment rate for the City of Mentor increased 0.5% to 4.9% for the month of February 2022. One year ago, the unemployment rate was 6.0%. In Lake County, the unemployment rate increased 0.6% as well to 5.9% for the month of February; one year ago, it was 6.7%.

Among cities in Ohio with a population of 50,000 or more, the City of Mentor’s 4.0% unemployment rate among the lowest, but is the lowest in Northeast Ohio.   The City’s civilian labor force moved to 25,800.

The State of Ohio’s unemployment rate maintained at 4.8%.

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