Ohio adds jobs a month after recovering from 23-year shortfall
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 revision. The August estimate of […]
JobWatch: Ohio hits record jobs number a month later than first thought
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 jobs news comes as the […]
The most jobs in Ohio history
The takeaway: Ohio reached a record high number of jobs in July, recovering the May 2000 job peak for the first time in 23 years. The state’s unemployment rate set a new record low for the fourth straight month, reaching 3.3% in July. Inflation rose 0.2 points to 3.2% for July. The jobs numbers: Seasonally […]
JobWatch: Small Ohio job gains in June after recovering pre-COVID job level in May
The takeaway: Ohio added 1,000 jobs in June after fully recovering pre-COVID job levels in May. The state’s unemployment rate set a new record low for the third straight month, reaching 3.4% in June. This is due to a combination of strong job growth and a slightly smaller workforce than before the pandemic. Inflation slowed […]
JobWatch: Ohio has recovered all jobs lost to COVID-19
The takeaway: Ohio fully recovered the jobs lost to COVID-19 last month, reaching 5,614,600 jobs, 800 more than in February 2020, the month before the COVID-19 shutdown. The milestone recovers 881,600 jobs lost between February and April 2020. Ohio’s unemployment rate dipped to 3.6% in May, the lowest rate on record rate since the data […]
JobWatch: Ohio hits historic unemployment rate in April
The takeaway: In April, Ohio’s unemployment rate reached 3.7%, which is the state’s lowest recorded rate since the data series started in 1976. This is a welcome milestone in the state’s continuing recovery from the COVID recession. Preliminary data also suggest that Ohio’s improved unemployment rate over the last 12-months has been driven by increased […]
JobWatch: Ohio achieves private sector jobs recovery in March
The takeaway: Ohio added jobs last month to attain a full private sector recovery of jobs lost to COVID-19. Gains in better-paying sectors outweighed a lingering 20,800 jobs shortfall in leisure and hospitality to attain the private sector recovery. Missing public sector jobs are now the only thing standing in the way of full recovery. […]
JobWatch: February gains inch closer to full jobs recovery
The takeaway: Ohio added jobs last month on top of substantial gains reported for 2022 when data were benchmarked earlier this month. Public sector job shortfalls now comprise two thirds of the jobs still missing from the state since COVID-19. Unemployment dipped to 3.9% as 14,000 Ohioans returned to the workforce and 19,000 job seekers […]
JobWatch: Ohio closing in on total jobs recovery
The takeaway: The annual benchmark to jobs data showed that Ohio’s job recovery was stronger than previously reported and Ohio is now in striking distance of restoring the jobs lost to COVID-19. Public officials’ failure to restore state and local government jobs is the biggest drag on recovery and accounts for nearly two thirds of […]
JobWatch: Ohio posted small job gains in December
The takeaway: Ohio continued to add jobs last month, but that was offset by a downward revision for November — pushing the state further from recovery than previously thought. Rapid interest rate hikes by the Federal Reserve have made jobs recovery more difficult in recent months. December inflation slowed to 6.5%, 0.6 points below November, […]
JobWatch: Business survey says more Ohio jobs in November
The takeaway: Ohio continued to add jobs last month but is still missing over 100,000 jobs since the start of the pandemic nearly three years ago. An overcorrection against inflation is emerging as the biggest threat to the continued jobs recovery, since the tools to stem inflation work by slowing the economy and can cost […]
JobWatch: Ohio added jobs in October as goods producers recovered COVID losses
The takeaway: Good news for working Ohio. The state posted substantial job gains in October, and a large revision to September’s data found gains for that month as well. Inflation fell to 7.7% in November, below its 8.0% projection, reaching its lowest level since January. Efforts by the Federal Reserve to stem inflation by rapidly […]