September unemployment rates are out and Central Ohio performed slightly better than the State as a whole. Five of the eight counties in Central Ohio fell in September. Rates FELL in Franklin (7.7%), Fairfield (7.4%), Licking (7.8%), Morrow (8.2%) and Pickway (8.9%). Delaware remained FLAT at 6.3%. Rates ROSE in Madison (8.7%) and Union (7.7%).
The September rate for all of Ohio is 9.1%, but the rate FELL for 73 of the 88 counties. Delaware was one of six counties having a 7% or below rate.
Click to enlarge, then click again
This graph shows the number of unemployed people in Delaware and Union Counties. Between 2000 thru 2008, the rate of unemployed people was at or below 5% which I believe is considered “OK” for the economy. Then in 2009 the rate spiked and increased again in 2010. For Delaware County, even though the rates hovered between 3-4%, the number of unemployed increased but so did the population of Delaware County during those years, as the southern portion of the county grew tremendously.
Employed vs Unemployed for 2010
- FRANKLIN COUNTY: in 2010, 573,600 were employed, 53,500 were unemployed, 8.5% rate.
- DELAWARE COUNTY: in 2010, 85,700 were employed, 6,600 were unemployed, 7.1% rate .
- UNION COUNTY: in 2010, 23,700 were employed, 2,200 were unemployed, 8.4% rate.
In our most recent Ohio Association of Realtors® online newsletter, there was this article pulled from The Buckeye Institute. Read it and weep. That’s all I’m going to say. 😦
Jobs Update: Private sector suffers while Government continues to grow
According to the Buckeye Institute’s latest electronic newsletter, while Ohio’s unemployment rate dropped from 10.9% in April to 10.7% in May, it is still clear that the stimulus is doing nothing to get Ohio’s private sector moving. Specifically, with the revisions to the April job numbers, the total number of non-farm, non-government jobs dropped by 6,600 in May (from 4,251,100 in April to 4,244,500). In contrast, the number of government jobs grew from the April figure of 791,000 to the May figure of 808,000, which is an increase of 17,000 new government jobs.
To provide proper context of how bad it is in Ohio, it is important to examine long-term trends. From January 1990 to May 2010, Ohio had a net increase of just 120,700 private sector jobs, which is roughly 495 net jobs per month over 244 months. At the same time, Ohio had a net increase of 93,200 government jobs, which is roughly 392 net jobs per month over 244 months. That means Ohio netted just 103 more private sector jobs per month over the course of 244 months, or 20.25 years.
Source: Buckeye Institute
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