Tag Archives: John Kasich Ohio Governor

Ohio is Outshining Other States

Ohio’s unemployment drops for the 10th straight month.  Unemployment rate dropped for May, going from 7.4% in April to 7.3% in May. That compares quite favorably to the 9.2% rate in December 2010 before the new governor, John Kasich, took office.

The May numbers as being reported by local media are:

  • Ohio unemployment rate: 7.3% for May 2012; 7.4% for Apr 2012; 8.8% for May 2011.
  • U.S. unemployment rate: 8.2% for May 2012; 8.1% for Apr 2012; 9.0% for May 2011.
  • Ohio unemployed: 426,000 for May 2012; 431,000 for Apr 2012; 512,000 for May 2011.
  • Ohio employed: 5,158,900 for May 2012; 5,139,300 for Apr 2012.

According to one report (not verified) Ohio created 28% of all jobs created in U.S. in May. That’s quite outstanding if it’s true.

If you like to look at lots of numbers and charted graphs, the Bureau of Labor Statistics has historical graphs for each State. Click here for Ohio’s graphs.

Ohio unemployment drops for the 5th straight month

Ohio continues to improve for 5th straight month! Unemployment rate dropped again for April, going from 7.5% in March to 7.4% in April. 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 March 2012, 438,000 were unemployed, and it further dropped to 431,000 in April 2012. That’s an additional 129,000 people with paychecks since Kasich’s tenure began.

According to the Bureau of Labor Statistics, the number of employees by industry for Ohio in April 2012 vs April 2011 is:

Employees by Ohio Industry
Industry Apr 2011 Apr 2012 % Chg
Trade, Transportation, Utility 957.1 973.7 +1.7%
Education/Health 849.3 865.8 +1.9%
Government 770.1 767.0 -0.4%
Prof/Bus Services 647.7 655.0 +1.1%
Manufacturing 635.6 652.2 +2.6%
Leisure/Hospitality 481.3 473.1 -1.7%
Financial 279.2 276.4 -1.0%
Construction 172.9 173.9 +0.5%

The National unemployment rate continues to be above 8%, at 8.1%, but there’s much debate on the accuracy of that number because it does not include people who have dropped out of the market or are underemployed.

Let’s hope the Governor continues his successes to bring or keep businesses here in Ohio which will certainly help our housing market. As you can see from the chart, two industries connected with real estate are at the bottom of the chart growth. Plus, since Realtors® are self-employed (don’t qualify for unemployment) we’re not even included in the unemployment numbers even though a substantial number of agents have had to exit the business.

Ohio Unemployment Continues to Drop in March

Ohio continues to improve for 4th straight month! Unemployment rate dropped again for March, going from 7.6% in February to 7.5% in March. 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 February 2012, 443,000 were unemployed, and it further dropped to 438,000 in March 2012. That’s an additional 122,000 people with paychecks since Kasich’s tenure began.

The National continues to be above 8%, at 8.2%, so the State is out-performing the Nation.

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.