February was another good month for Ohio’s unemployment rate.¹ The rate was 7.6% which is down from 7.7% in January. In Feb 2011, just after Gov Kasich was inaugurated the rate was 8.9%, so we’re doing well.
- Workers unemployed in Feb: 443,000
- Workers unemployed in Jan: 447,000
- Workers unemployed 12 mos ago: 517,000
Ohio’s employment rose by 28,300 people in February.² That meant that Ohio added the most jobs in the Nation! (Texas was 2nd with 27,900 new people employed.)
- Workers employed in Feb: 5,147,600
- Workers employed in Jan: 5,119,300
¹ Ohio Unemployment Rate
² Ohio Added Most Jobs Nationally
Ohio is on a roll! Unemployment rate dropped again for January, going from 7.9% in December to 7.7% in January. That compares quite favorably to the 9.5% rate in December 2010 before the new governor, John Kasich, took office.
In December 2010, 560,000 people were unemployed. In December 2011, 458,000 were unemployed, and it further dropped to 447,000 in January 2012.
In January 2012, 5,127,100 people were employed vs 5,094,300 in December 2011. That’s an increase of 32,800 people who now have a paycheck.
Let’s hope the Governor continues his successes to bring or keep businesses here in Ohio which will certainly help our housing market. Now if the gas price issue would get fixed, we’d be in better shape.