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Economy and Business


Youngstown area posts lowest unemployment rate since 2008
Analyst says Mahoning Valley leading the state
by WKSU's AMANDA RABINOWITZ


Reporter
Amanda Rabinowitz
 

The state’s latest unemployment numbers are especially positive for the Youngstown area. The jobless rate for Mahoning, Trumbull and Columbiana counties collectively decreased about two percent over the last year to 7.9 percent for April – the lowest rate since 2008 and just slightly above the state average. In 2009, Youngtown led the state in unemployment at 15.6 percent.

Cleveland-based economic research analyst George Zeller says the Mahoning Valley’s economy is growing faster than any other part of Ohio.

George Zeller talks about Youngstown's economic recovery

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A new Brooking s Institute report says the Mahoning Valley still has a long way to go for a full recovery. The region had lost nearly 50-percent of manufacturing jobs by 2010 compared to a decade earlier. 

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