By Dylan McCament, KnoxPages.com Reporter
MOUNT VERNON - The unemployment rate for Knox County is a full two percentage points lower than it was five months ago, according to the latest report by the Ohio Department of Job and Family Services.
The ODJFS reports that the county unemployment rate for May was 3.8 percent, compared to 5.8 percent for January. Though the county rate did increase slightly from the 3.6 percent figure posted in April, local unemployment had been on the decline in recent months: 5.1 percent for February and 4.5 percent in March.
In May 2016, the county's unemployment rate was 3.9 percent. Rates in neighboring and nearby counties include: 3.7 in Franklin County, 3.1 percent in Holmes County, 3.7 percent in Licking County, 4.2 percent in Morrow County and 4.9 percent in Richland County.
Among the state's 88 counties, May 2017 unemployment rates ranged from a low of 2.8 percent in Mercer County to a high of 7.2 percent in Monroe County. Unemployment rates increased in 53 counties, decreased in 27 counties, and did not change in eight counties.
For Ohio, the unemployment rate was 4.6 percent in May, compared to 4.4 percent in April and 4.4 percent in May 2016, according the ODJFS report. The U.S. unemployment rate was 4.1 percent for May, unchanged from April but down from 4.5 percent for May 2016.
The rates quoted above are not seasonally adjusted, meaning they do not take into account factors such as weather, holidays, the harvesting of crops or other predictable, seasonal factors that can influence the labor market. Seasonal adjustments to unemployment numbers help identify underlying employment trends.