Unemployment takes typical shift upward
Historically, unemployment peaks in the city in January or February, a city official noted. In January 2012, the unemployment rate was similar, at 6.8 percent.
In Lake County, the January 2013 unemployment rate was at 7.9 percent — an increase of 1.6 percent. Ohio’s unemployment rate increased 1.8 percent to 8.4 percent.
Mentor’s January rate ranked fourth-lowest among communities with a population over 50,000, behind Cleveland Heights, Lakewood and Columbus.
In October, the city’s rate hit a five-year low, decreasing for the fifth straight month to 4.5 percent. That was down from 5.1 percent in September and 5.4 percent the prior October.
Source: January 2013 Civilian Labor Force Estimates — Ohio Department of Job & Family Service, Office of Workforce Development and Bureau of Labor Market Information.
-- Betsy Scott, BScott@News-Herald.com, @ReporterBetsy