Ohio’s stagnant job growth continued through July. According to data released by the U.S. Bureau of Labor Statistics, Ohio ranks 46th in the nation in year-to-year job growth when comparing July, 2012 to July, 2013. Compared to other states, Ohio’s continues to rank in the bottom five of all states for yearly job growth. On a year-to-year basis, Ohio’s job growth rate was a minuscule .73 percent in July. Only four states –Oklahoma, Pennsylvania, Rhode Island, and Alaska – added jobs at a slower rate during the same time period. [Read more…]
News reports around the recently June employment figures have focused on Ohio’s loss of 12,5000 jobs, an Innovation Ohio Education Fund analysis released this morning points to a more disturbing, long-term trend. Over the course of the last year, employment gains have nearly stalled and Ohio has fallen behind nearly every other state in job creation. Specifically:
- Ohio ranks 47th nationally in job growth over the last 12 months – only Wyoming, Main, and Alaska performed worse;
- In the last year, Ohio’s economy only added 16,000 new jobs – a growth rate of only 0.3 percent;
- Over the past 12 months, Ohio added jobs at just one-seventh the rate it did the year earlier.
Democrats in the Ohio Senate were the first out of the gate to unveil their list of priority legislation, holding a press conference today in Columbus to promote bills they will be introducing in the 130th General Assembly. [Read more…]