- The number of workers unemployed in Ohio in June increased to 517,000, up from 508,000 in May.
- Ohio saw an increase in nonfarm wage and salary employment, with an increase of 10,600 over the month, from the revised 5,095,000 in May to 5,105,600 in June. This includes an increase of 10,900 jobs in the leisure and hospitality industry, an industry that traditionally sees increases in the summer months.
- Local governments saw a loss of 8,900 jobs.
- The manufacturing sector saw a loss of 3,000 jobs.
- The construction industry saw an increase of 2,800 jobs, likely due to summer construction.
- The U.S. unemployment rate for June was 9.2 percent, up from 9.1 percent in May.
This data is seasonally adjusted.
You can download a copy of this report here.
Research OverviewIn April 2009, then-Auditor of State (now Lt. Governor) Mary Taylor and her Senior Policy Advisor (now OBM Director) Tim Keen called a news conference to grimly warn Ohioans that an historic $8 billion dollar deficit loomed in the FY2012-13 budget. Thanks to constant repetition in the Capitol Square echo chamber, the $8 billion deficit figure has now, two years later, become conventional wisdom throughout the state. The need to close this alleged $8 billion deficit was used by newly-inaugurated Governor John Kasich to justify his proposed two-year budget (HB 153) containing unprecedented and draconian cuts to Ohio’s schools and local governments. Likewise, the “$8 billion deficit” has been repeatedly cited by Gov. Kasich and his legislative allies as a primary rationale behind their all-out assault on the collective bargaining rights of public workers (Senate Bill 5). Recently, however, grave doubts have begun to crop up over the validity of the $8 billion figure. Innovation Ohio looked at three key assumptions in Taylor’s and Keen’s analysis and found that they no longer hold up. As a result, the shortfall the state faces is roughly $5.1 billion, not the $8 billion that is claimed. Read the analysis. Read the press release.
Innovation Ohio’s “Taxpayer Rip-Off of the Week” Award
Ohio’s “Marathon Man”
Kasich Gives Oil Companies Multimillion Tax Break;
Rakes in Nearly $150,000 in ContributionsColumbus…..Innovation Ohio, a progressive think tank headquartered in Columbus, today presented its coveted “Tax Payer Rip-Off of the Week Award” to Gov. John Kasich for giving oil companies a tax break worth between $5 million and $10 million per year – a giveaway that was opposed by the Ohio business community and even Kasich’s own Tax Commissioner. Marathon Oil lobbied heavily for the tax break, which exempts exchanges or “transfers” of gasoline from the Commercial Activity Tax (CAT). It was added to Gov. Kasich’s Transportation Budget (HB 114), which he signed into law on March 30. Campaign finance records show petroleum interests gave Kasich $116,782 for his gubernatorial campaign, and kicked in an additional $30,000 to the Governor’s “transition fund” after the election. In a March 4 letter to the Governor, Tax Commissioner Joe Testa warned that “once the state begins to allow exemptions from the CAT…every industry…may ask for a similar exemption or credit.” Testa also pointed out that lost revenue would have to be replaced by taxpayers. On March 8, the Department of Taxation’s Deputy Director of Tax Policy and Budget also opposed the giveaway in testimony before the Ohio House, saying that state law specifically identifies such transfers as subject to the CAT, and that allowing this exemption could “start Ohio down a slippery slope” that threatens the CAT’s “integrity and foundation.” Like Testa, he estimated the cost at between $5-10 million per year, but also noted that making the giveaway retroactive to 2005 could mean far bigger losses for taxpayers. Retroactivity was included in the bill Kasich signed. Said IO Communications Director Dale Butland: “At a time when Ohio consumers are paying over $4 per gallon to fill their tanks-and Marathon Oil made net profits of $2.6 billion in 2010 and nearly $1 billion more in the first quarter of 2011-this giveaway to Big Oil is especially outrageous. Why Gov. Kasich would ignore and disregard his own Tax Commissioner on this issue is a mystery. An even bigger one is why he thinks Ohio taxpayers can afford to fork over another $10 million a year to the oil companies.”