The takeaway: Record jobs posted January bring Ohioans cause to celebrate, but lackluster growth last year shows policymakers need to lean in on supporting Ohio working people. Ohio fully restored the jobs lost to COVID-19 in May 2023 as initially reported, but took until January 2024 to get back the
Good morning, Chair Lang, Vice-chair Wilkin, Ranking Member Sykes and members of the committee. My name is Michael Shields and I am an economist at Policy Matters Ohio, a nonprofit, nonpartisan research organization with the mission of creating a more prosperous, equitable, sustainable and inclusive Ohio. Thank you for the
Good morning, Chair Lang, Vice-chair Wilkin, Ranking Member Sykes and members of the committee. My name is Michael Shields and I am an economist at Policy Matters Ohio, a nonprofit, nonpartisan research organization with the mission of creating a more prosperous, equitable, sustainable and inclusive Ohio. Thank you for the
The numbers: Ohio added 7,000 jobs in December and posted another record level according to seasonally adjusted data released today by the Ohio Department of Job and Family Services (ODJFS). November was the first month in over a year to show a job loss for the state; December’s job growth
Index holds wages steady for low-paid Ohioans despite historic inflation Next month, Ohio’s minimum wage gets a 35-cent adjustment to $10.45 per hour to keep up with rising prices. The adjustment will benefit some 388,800 Ohioans. The Economic Policy Institute estimated that 150,700 Ohioans now paid less than $10.45 will
The takeaway: Ohio employers cut 5,300 jobs in November. The figure marks the first jobs loss reported by the business survey since October of last year, but the separate household survey has been signaling job losses since September. This dip is in light of 700 new manufacturing jobs as UAW
A healthy and prosperous community depends on the work of everyone, from the retail clerk who greets customers to the janitor who cleans the countertop. But for decades, corporate executives held down pay for Ohio workers, while lavishing enormous pay growth on themselves. Over recent decades, CEO pay has grown
Fifty-three of Ohio’s largest employers paid their CEOs a median of 273 times what they paid the typical employee in 2022. That’s according to a new report by Policy Matters Ohio that compiles the ratio of CEO pay to the median employee — the person whose pay falls in the
The takeaway: Ohio employers reported adding 7,700 jobs in October, but the separate household survey diverged for a second month to show 17,000 Ohioans lost or left jobs. The household survey can pick up trends faster than the employer survey that measures job growth. It could signal a slowdown, or
The takeaway: According to seasonally adjusted data released today by the Ohio Department of Job and Family Services (ODJFS), Ohio reached 5,648,100 jobs last month, besting the record set in August when the state fully recovered jobs lost to the early 2000’s recession. Monthly numbers are preliminary and subject to
Michael Shields | Molly Bryden Yesterday at 11:59 p.m. United Auto Workers walked off the job at strategic plants at all Big Three auto makers, including Stellantis Toledo Assembly Complex in Ohio, joining the teachers currently on strike in Youngstown. Their Master Agreement with Ford, General Motors and Stellantis expired
The takeaway: Ohio posted a record number of jobs a month later than initially reported, for the first time exceeding the May 2000 record with 5,639,700 jobs in August. The unemployment rate rose slightly to 3.4% as 3,000 new job seekers entered the workforce and 2,000 found jobs. This positive
