Unemployment

Ohio Unemployment Rate Drops To 4.8 Percent In December

Jan 23, 2015

Ohio's unemployment rate has dropped to 4.8 percent, its lowest since September 2001 and the fourth consecutive monthly decrease.
 
The state's Department of Job and Family Services said Friday that Ohio had 278,000 unemployed workers in December. That's down 9,000 compared with November. The number of unemployed workers has dropped by 133,000 in the past year.
 

L.E.T. Group, Inc.

The statewide unemployment rate in Ohio, as of November, was about 5 percent, but for Veterans that number stands at almost 7 percent. With those figures in mind, the Ohio Military Veterans Resource Center is holding a job fair for veterans Wednesday at Wright-Patt. More than 40 “military-friendly employers” will be on hand to help Vets and their families find jobs.

Abby Reynolds with the resource center says Vets have additional challenges entering the civilian job market.

The fund that pays benefits to unemployed workers in Ohio is more than a billion dollars in debt to the federal government, but there may be a fix in the works.

Most states borrowed from the feds to pay jobless benefits during the recession. Zach Schiller at the think tank Policy Matters Ohio has been studying this for years, and recently put out another warning about it.

“While we’ve reduced it somewhat, the natural financing of the unemployment system is not going to be enough to repay that debt, much less build a new reserve for the next recession.”

The logo for the Ohio Department of Job and Family Services
WOSU

Ohio’s unemployment rate ticked down to just 5.3 percent in October, which is as low as it’s been for years, and the Dayton Metropolitan Statistical Area (Dayton MSA, including Greene, Miami, Montgomery and Preble Counties) saw an even lower rate of 4.7 percent, according to the Ohio Department of Job and Family Services.

This Labor Day, there are a record low number of Ohioans in the labor force—fewer than there have been since October 1978. The Bureau of Labor Statistics reports just 59 percent of Americans 16 and over have declared that they are part of the labor force; in Ohio, that figure is just under 63 percent, a 34-year low. That’s not the only thing that has the progressives at Policy Matters Ohio worried. Amy Hanauer says the group’s annual Labor Day report also shows the state lost more than 2.3 percent of its jobs since 2005, while the country added 3.8 percent in that same period.

The logo for the Ohio Department of Job and Family Services
WOSU

State and national jobless numbers are closely watched as economic indicators, and the unemployment figures can also give useful clues for those seeking their first full-time job.

Last month, 323,000 Ohio adults were actively seeking work and not able to find a job, and the unemployment rate crept up for the first time in several months. The figure includes recent high school and college graduates looking for that first job, or an entry level job.

wright-patterson air force base gates
Flickr Creative Commons user soundfromwayout

Thousands of civilian workers at Wright-Patterson Air Force Base are being offered the option to retire early or take a buyout. The buyouts are an effort to prepare for a cut of 372 positions at the base this fall.

Many of the positions to be cut aren’t currently filled, and by offering early retirement and buyout options, Wright-Patt officials hope to move those who stay into open jobs elsewhere on the base.

“We just want to make sure that we take care of our people, that’s our key objective,” says Wright-Patt spokesman Daryl Mayer.

The unemployment rate in Ohio dipped to 6.1 percent in March—the lowest it’s been since 2008. It’s down from 6.5 percent in February, and well below the national rate of 6.7 percent. But those percentages can be deceiving—March was also a slow month for job growth, and the labor force once again saw a downward tick month over month, with about 11,000 less people either working or looking for work in March than in February.

WYSO

Several Dayton groups are asking Congressman Mike Turner of Ohio’s 10th district to help renew emergency unemployment benefits. A bipartisan Senate bill expected to pass this week has found little support in the House.

Lewis Wallace / WYSO

Chipotle is hiring around the Dayton area—a job fair Thursday in Beavercreek advertised 300 positions coming open this year, and there were 27 postings on the company's site Thursday.

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