Tag Archives: Ohio unemployment rate

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.

Ohio Adds Most Jobs In Nation

EmploymentFebruary 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 Unemployment Declines Again in January

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.

gas price Feb 28 in Powell OH

Ohio Unemployment Rate Continues to Drop

Ohio’s unemployment rate dropped again for December, going from 8.5 to 8.1. That compares quite favorably to the 9.5 rate in December 2010 before the new governor, John Kasich, took office.

A year ago 560,000 people were unemployed. In November 2011, 496,000 were unemployed, and it further dropped to 469,000 in December 2012.

Per the report, the rate decline from 8.5 to 8.1 was the largest one-month decline in almost 30 years. Let’s hope the Governor continues his successes to bring or keep businesses here in Ohio which will certainly help our housing market.