JobWatch: Ohio employers cut jobs in September
The takeaway: Ohio employers cut jobs last month for the first time since last October. The monthly numbers are always preliminary and subject to revision, but if this month’s data hold, they could be an early sign that Ohio’s recovery from the COVID recession is beginning to falter as the Federal Reserve ramps up interest […]
JobWatch: Ohio Added Jobs in August
The takeaway: Ohio recovered jobs last month for the 10th straight month of gains. However, the state is still short nearly 15% of the jobs destroyed during the COVID-19 pandemic. Now the Federal Reserves’ interest rate hikes aimed at taming inflation by slowing the economy could cut short Ohio’s recovery. After hitting a 40-year-peak in […]
JobWatch: Ohio added jobs in July
The takeaway: With revised numbers showing that Ohio made small gains in June, job growth in July marks Ohio’s ninth straight month of gains. Initial June data suggested the economy was cooling too quickly in response to the Federal Reserve’s efforts to manage inflation. This month’s report is better news for Ohio, and a solid […]
Ohio employers slashed jobs in June
The takeaway: Ohio employers cut jobs last month for the first time since October. As inflation hit 9.1% in June, policymakers at the Federal Reserve have signaled plans to further hike interest rates. As they prepare to meet next week, the latest jobs report should caution Fed officials against rapid rate increases, and lawmakers should […]
JobWatch: Ohio added jobs in May but at slower pace
The takeaway: More hiring in May pulled more Ohioans back into the workforce and kept the state on the path to recovery, but at a slower pace than in recent months. As inflation remains at 40-year highs, policymakers at the Federal Reserve raised interest rates and economists fear a recession next year. Advocates this month […]
JobWatch: More jobs restored in April
The takeaway: Ohio’s job recovery continued in April, but wage growth currently lags inflation, which dipped slightly to 8.3% in April but remains near a 40-year high. Policymakers can target the corporate profits driving price hikes. If instead they try to quell inflation by raising interest rates, they could slow or reverse the jobs recovery. […]
JobWatch: Job gains continue rapid recovery in March
The takeaway: Ohio follows the nation in a quick recovery, but state and local governments’ failure to restore critical public services is slowing us down. New ARPA dollars coming to the state and local governments next month are an opportunity to keep recovery moving and direct resources to the hardest hit. “The contrast between this […]
JobWatch: Robust federal response drove continued recovery in February
The takeaway: Thanks to robust federal action, Ohio and the nation remain on track to recover jobs more quickly than in the last three recessions. The state has recovered four in five jobs lost to COVID-19. “Today’s jobs numbers keep us on track to fully recover more quickly than from the last three recessions,” said […]
JobWatch: Ohio recovered jobs earlier, then slowed
The takeaway: Ohio’s job recovery started earlier than previously estimated and has slowed more than originally reported. In December, job openings fell, and a record number of Ohioans quit their jobs. The data revision released today shows the positive impact of federal stimulus programs and makes a strong case for more such action. The benchmark: […]
Ohioans finding better work as state adds jobs in December
Newly available data show 141,000 Ohioans quit their jobs in November, but they didn’t stop working. They left for better jobs. The new data supplement the jobs and household surveys, which show improvement in December. The job numbers: Seasonally adjusted data released today by the Ohio Department of Job and Family Services (ODJFS) show that […]
JobWatch: After adding jobs in November, Ohio on track to recover destroyed jobs by 2023
The numbers: Seasonally adjusted data released today by the Ohio Department of Job and Family Services (ODJFS) show that Ohio employers added 12,200 jobs over the month, from a downwardly revised 5,378,900 in October to 5,391,100 in November. November job gains were smaller than in October or September but marked the third straight month of […]
Ohio adds jobs in October
The numbers: As Vice President Kamala Harris visits Ohio today to celebrate the passage of the infrastructure bill, new jobs numbers indicate the bill will help build on positive momentum in the labor market. Seasonally adjusted data released today by the Ohio Department of Job and Family Services (ODJFS) show that Ohio employers added 20,100 […]