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Jul 23 2013

Data shows Ohio’s job growth stalling

On Friday, the Ohio Department of Jobs and Family Services released unemployment figures for the month of June. Grabbing headlines was the announcement that Ohio lost 12,500 jobs last month, the second largest decrease in the nation, only behind Tennessee. What should be concerning to the public and policymakers is that June’s number is another data point in a growing trend of sub-par economic data for Ohio. An analysis of Ohio’s unemployment data shows that from June of 2012 to June of 2013, Ohio only added 16,000 total jobs in the last year, an increase of 0.3 percent, ranking Ohio 47th nationally. By comparison, Ohio’s twelve month job growth is far below the national average of 1.36 percent and just a tenth of the rate at which Idaho has added jobs over the same period. In fact, only three states — Wyoming, Maine, and Alaska — experienced slower job growth over the last year than Ohio. [Read more…]

Written by bpeyton · Categorized: Economic Development and Jobs, Innovation Station · Tagged: Jobs, Unemployment

Oct 05 2012

The numbers are the numbers …

Quick Friday note on today’s good news that the unemployment rate in the U.S. is below 8 percent for the first time in quite awhile. According to the New York Times:
The unemployment rate fell because more people were working, not because discouraged job seekers stopped looking, the numbers showed. Adding to the positive news, job gains were revised upward by 40,000 for July (to 181,000) and by 46,000 for August (to 142,000), casting a slightly rosier light on what had been perceived as a summer slump.
Then there’s this according to former General Electric CEO Jack Welch: [Read more…]

Written by ronsylvester · Categorized: Economic Development and Jobs, Innovation Station · Tagged: Barack Obama, Jack Welch, Ohio, Unemployment

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