Valley’s unemployment rate falls in October

Valley’s unemployment rate falls in October

YOUNGSTOWN

The Mahoning Valley’s unemployment rate fell by 1.2 percent in October and now sits at 9.2 percent, according to statistics released today.

Last October, the unemployment rate was 10.4 percent.

Statistically, last month stands as the best October for employment in the Valley since 2008, when the unemployment rate was 7.4 percent.

There were 244,700 employed residents in Mahoning, Trumbull and Columbiana counties in October; 24,700 qualified as unemployed.

The civilian labor force was 3,000 fewer than last October.

The U.S. Department of Labor defines the civilian labor force as people 16 and older who are working or looking for work. It excludes the military, students, volunteer workers, and those in institutions, retired or unable to work.

Read the complete story in Wednesday’s Vindicator and at Vindy.com.