Ohio unemployment lowest since recession began

State's economy added 12,600 non-farm jobs last month.
TNS Regional News
May 17, 2014

 

Ohio’s unemployment rate fell to 5.7 percent in April, the lowest rate since February 2008 and the same rate as when the recession began in December 2007, according to federal and state job reports released Friday.

Preliminary figures from the Ohio Department of Job and Family Services show the April jobless rate was down from 6.1 percent in March and 7.3 percent in the same month a year ago. Ohio unemployment also was well below the U.S. unemployment rate for April of 6.3 percent — which was down from from 6.7 percent in March, and 7.5 percent in April 2013.

Ohio’s economy added 12,600 non-farm jobs last month, bringing the total number of jobs added in the past year to 55,300 — or just over 4,600 jobs a month, based on revised figures from the U.S. Bureau of Labor Statistics.

The annual pace of job growth through April was more than twice the rate in the previous year, when Ohio added just over 2,000 jobs a month from April 2012 through April 2013, the job numbers show.

As a result, the number of unemployed in Ohio declined by 94,000 in the past 12 months from 422,000.

“More Ohioans have a job since we took office. Ohioans’ hard work, creativity & ingenuity has us on the comeback,” Gov. John Kasich tweeted.

The good job news comes on the heels of local announcements this week that Fuyao, the Chinese automotive glass maker finalized their purchase of part of the former General Motors assembly plant in Moraine and that Procter & Gamble will create a distribution center in Union, near the Dayton International Airport. Fuyao has pledged to put 800 workers there within three to five years,The P&G distribution center will employ 800 employees.

Still, job growth in Ohio has been slower than the national rate of hiring over the past year, and employment has been dominated by low-wage jobs at restaurants, retail establishments and other service providing industries, which added 40,200 jobs in the past 12 months, the state job report shows.

That was double the employment gains in next fastest-growing job sector — goods-producing industries, such as manufacturing and construction — which added 19,700 over the same period.

Also worrisome, experts said, is that the sharp decline in the jobless rate over the past year is largely attributable to people giving up their job searches or dropping out of the labor force for some other reason, such as going back to school or retiring early.

“Today’s 5.7 percent rate is very different than the 5.7 rate of December 2007,” Hannah Halbert of Policy Matters Ohio wrote in a research report Friday.

According to Halbert, Ohio’s labor force has shrunk by 211,000 workers — or by 3.5 percent — since the recession began, and employment is still down by 182,000.

Even without accounting for the number of jobs needed to accommodate population growth across the state, Ohio would still need to add another 120,600 jobs just to make up for those lost in the 2007 recession, Halbert said.

“April’s upswing is good news,” she said. “But we still have a long way to go to recovery.”

———

By Randy Tucker - Dayton Daily News, Ohio (MCT)

©2014 the Dayton Daily News (Dayton, Ohio)

Visit the Dayton Daily News (Dayton, Ohio) at www.daytondailynews.com

Distributed by MCT Information Services

Comments

TrollingMotors

Great news for America because of great leadership.

Vote Democrat

rickross2

Cedar Point and PIB

freespeech1

Hey dummy we have a Republican governor lol. Nice try though.

TrollingMotors

Hey Dumbo Your SB5 was suppose to ruin ohio if it failed but the democrats voted it down and now we prosper

Shows what you know lol

TrollingMotors

Make sure you remember that when its bad news right? or do you shift the blame else where

Typical republican

freespeech1

Hey idiot, if you look and see, a lot of schools implemented some of the sb5 points to save their respective districts. Cleveland city was one. SB5 would have helped ohio but you brain dead libs cant and wont comprehend anything that's fiscally responsible.

betrump

Thank you for reminding me that with free speech, there often comes the stupid. Congrats on the new title.

freespeech1

LOL take a look at what Cleveland city schools did. All the policies that SB5 addressed they ended up doing to keep the schools afloat, so before you get your panties in a wad you might want to check it out.

http://www.daytondailynews.com/n...

beernsmokes2's picture
beernsmokes2

Move along. Nothing to see here. These aren't the droids we're looking for.....

Dr. Information

Why the record welfare then?

Really are you ...

Seasonal work, retail, entertainment, and part time jobs. Straight up bologna jobs. Where are the middle to upper middle class family wage jobs? I am not going to cast blame on just the democrats, republicans, or the 1%ers. We are all to blame. The 1%ers have an addiction to remain monetarily wealthy like an alcoholic feels the need for just 1 more round. These 1%ers are pulling the strings in congress so they pay less in taxes asking the real workers, or the ones who are left, pay more in taxes. The president, well... Anyways we are all falling inline like a bunch of ducks. The 1%ers make as much as the bottom 40% of the US population. Who pays more in taxes? Who is, or has, almost all of the money from the stimulas package given years ago? The 1%ers? If these 1%ers are using their wealth to create new businesses, where are they? There should be zero vacant factories. Factories should always be seeking new employees. Not the every once and a while false hope job fairs. If people are struggling to LIVE, reverse that because the the 1%ers are not struggling. If you spell LIVE backwards, what the 1%ers are doing is EVIL.

Contango

Re: "If these 1%ers are using their wealth to create new businesses, where are they?"

Lack of aggregate demand is a world-wide problem.

Thank the Federal Reserve for pumping up the financial sector, causing the rich to get richer.

Also:

"The Denial of Middle-Class Prosperity;

Government data show that average disposable income has increased across all income groups since 1979."

http://online.wsj.com/news/artic...

(Put the title into Google and click on the link to get past the filters.)

betrump

Soooo...push wages down to where the majority cannot afford anything, then complain that demand has gone down. Interesting.

Contango

Re: "push wages"

So you prefer to overpay for a product or service?

betrump

Who says we would overpay? Is it because you're used to Chinamart's 'everyday low prices'? Consumers determine a product or service's value. If they have no money, it's a moot point.

Contango

Re: "Consumers determine a product or service's value."

So why should one pay more in price for a product or service than is necessary?

"Moot" means open for debate.

betrump

By that logic, why should CEO's be making $6 million or more a year?

Contango

Re: "why should CEO's be making $6 million or more a year?"

Why not $20M if they are helping to lead a co. to several billion in profits?

The cost of labor is commensurate with value to the co. and availability.

Are low-skilled workers hard to find and train?

Why pay more for the cost of a product, service or labor than is necessary?

FYI: Most people are employed by small business, NOT S&P 500 cos.

Read and learn:

http://www.washingtonpost.com/bu...

swiss family

could we change the constitution and re elect President Obama for 4 MORE YEARS!!!!!!!OH YES WE CAN !!!!!!!!!!

rickross2

I hope that's sarcasm.

freespeech1

No hes just an idiot. Just like every other moron that voted for that clown.

Contango

FYI:

Lucky me. :)

Since I was living in IL when he ran for the U.S. Senate, I got the privilege of 'not' voting for him three times!

BTW: When he was elected to the U.S. Senate, he told the people of IL that he would serve out his term and NOT run for Pres.

I got a whiff of his lying sh*t early.

betrump

I got a whiff of your lying S**T pretty quickly, too. Probably your first post.

Contango

And you've got your head up Obie's arse so far you can't smell anything else.

betrump

Interesting that you think I'd be smelling YOUR mess, while inside him. Didn't realize you two were that close.

Contango

Re: "while inside him,"

Good to see that you agree that you've got your head shoved up Obie's tush. Enjoy the stench.

freespeech1

Hey swiss, I m confused by your support of this president, since you always scream about judges slapping the wrists of criminals, pres obummer wants murderers rapists ect 65000 to be exact,released from prison. You of all people I figured would be screaming bloody murder!! So are you happy with that? You lib lemmings are so hypocritical or just plain stupid.

betrump

...And that, folks...is the dumbest thing you will ever see typed. We have a winner!

freespeech1

its fact berump. If you happen to watch the news you will see there is a huge outcry from both sides of the aisle. He is slated to release 65,000 violent criminals from prison.

http://weaselzippers.us/183938-d...

http://www.frontpagemag.com/2013...

Pages