Job growth appears back on track in Ohio
Continued growth is necessary to draw more into the labor market The takeaway:After several months of sluggish job growth, Ohio saw substantial gains in September. At the same time, unemployment remains stubborn at 4.5%, due to another influx of Ohioans entering the labor force. Inflation fell to 2.4% in September, down 0.1 percentage points from […]
Ohio’s job market weakens, while Fed cuts interest rates
Unemployment holds as inflation drops The takeaway: Ohio saw largely consistent job growth in the first half of 2023 but slower growth in July. Now, losses in August signal a weakening job market. Inflation continues to fall, down 0.4 points from July to 2.5% in August, leading the Federal reserve to make much-anticipated interest rate […]
After significant gains, Ohio sees modest job growth in July
Unemployment continues to rise, while more jobseekers enter the workforce and overall job growth slows The takeaway Confidence in Ohio’s job market signaled by consistent growth in the labor force, coupled with falling inflation, offer a positive outlook for Ohio’s economy. However, Ohio’s job gains have not kept pace with number of Ohioans entering the […]
Ohio jobs down slightly in June after gains in May
Unemployment increase indicates a surge in job-seekers entering the workforce The takeaway After a strong May, Ohio employers cut 2,300 jobs in June, according to preliminary data. Unemployment continues to rise, up 0.2 points from May to 4.4% in June. This change in the unemployment rate, however, is driven by a substantial increase in Ohioans […]
Ohio added strong 21k jobs in May
Rising unemployment rate could signal more job-seeker confidence The takeaway Ohio posted the largest job gains this year in May, up 21,200 over April’s total and nearly double the number of jobs added in the four prior months combined. The unemployment rate ticked up 0.2 to 4.2%. A closer look at the unemployment data shows […]
JobWatch: Ohio sheds jobs in April as unemployment rate ticks up to 4.0%
With inflation sticky, Fed response could slow job openings, cost workers The takeaway Ohio lost jobs for the second time this year and saw a rise in unemployment last month. As Consumer Price Inflation remained at a stubborn 3.4% (and rose 0.2 points to 2.7% using the Federal Reserve’s preferred measure), the Fed backed away […]
Solid job growth in March
The takeaway: The state may be moving from recovery to a new normal. The mix of jobs has shifted away from low-paying industries and Ohio added jobs in strong preliminary findings for March. The unemployment rate rose slightly, mainly due to an influx of new job hopefuls. The jobs survey: Seasonally adjusted data released today […]
JobWatch: New data show Ohio’s decades-long recovery still incomplete
The takeaway: Now firmly recovered from the latest recession, Ohio continues to take two steps forward, one step back in the state’s march to regain the jobs lost to the 2000 recession. This month’s revision adds to the story as first-reported January jobs numbers come in lower and still shy of the 2000 total target […]
Benchmark reveals recovery was strongest when government support was robust
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 jobs lost in the 2001 […]
JobWatch: Ohio’s job growth back on track
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 erased that dip and pushed […]
JobWatch: Ohio loses jobs for first time in over a year
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 workers returned from the picket […]
JobWatch: Ohio jobs data diverge for a second month
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 it could instead be picking […]