Columbus Area Unemployment Rate Among Lowest in Nation - Columbus Ohio Real Estate | Buyer's Resource Realty Services

Columbus Area Unemployment Rate Among Lowest in Nation

The pandemic has caused economic disruptions throughout the country. While no metropolitan area has been untouched by 2020’s challenges, the Columbus Metro has fared better than most.

After seeing unemployment spike to 13.7% in April 2020, Central Ohio has staged an impressive recovery, with unemployment rates falling to 4.7% in December 2020. As a whole, Ohio unemployment averaged 5.5% in December.

The Columbus Dispatch reports that 11 Ohio counties had unemployment rates at or below 4% in December. The Central Ohio counties of Delaware and Union had unemployment rates of just 3.6%, while Madison County posted 4%. Franklin County’s unemployment rate averaged 4.9%.

In comparison, the national unemployment rate averaged 6.7% during December 2020. According to an analysis published by US News & World Report, Ohio was among the top 20 states in the nation for employment recovery. Only 18 states have unemployment rates as low, or lower, than Ohio.

The states with the lowest unemployment rates in the country were Nebraska and South Dakota, which stood at 3%. Unemployment is significantly higher in the states of Nevada, California, New York, Massachusetts, Colorado and New Mexico, which have unemployment averages ranging from 9.2% to 8.2%.

Given the health of the Columbus Metro economy during these uncertain times, we are likely to see continued strength in home demand in Central Ohio. Be certain to have the representation of an Exclusive Buyer’s Broker in this competitive market!

As your Exclusive Buyer’s Broker, we serve your best interests at all times! Unlike real estate agents and brokerages who represent sellers, as an Exclusive Buyer’s Broker, we only represent you, the buyer, getting you the best price and terms with no conflict of interest at all times.

Understanding this distinction could literally save you thousands of dollars not only on the purchase price and terms, but also on seller concessions and home inspection issues, whether you are a first-time homebuyer or an experienced homeowner!

Contact us with your home buying questions! Remember, we are with you every step of the way…all the way home!

Andrew Show
Exclusive Buyer’s Broker, CEBA-M, MCNE, CSP, PSA,e-PRO, CREM, ABRM, AHWD
Buyer’s Resource Realty Services
Serving Metro Columbus, Ohio with Exclusive Buyer’s Agents
7100 North High Street, Suite 204, Worthington, Ohio 43085
614-888-4110 | 888-888-4110 Toll Free | 614-839-4110 Fax

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