By Jarrett Hicks, Senior Research Analyst
The local unemployment rate sits at 5.5%, which is a 230 basis point reduction over the last year. The lowering unemployment rate is a bit misleading, though. There are clearly fewer entrants into the Dayton regional labor market, because, over the same time period, the employment level has fallen by 1,000 jobs. However, moving forward, the positive momentum being generated in the national economy, as well as the local manufacturing and logistics industries, will hopefully re-energize the local and regional economic recovery.