New Ohio Jobless Rate Dips Below 7%
Ohio’s official unemployment has dropped once again and it now at 6.9%. The October rate represents a drop of only two-tenths of 1% compared to the revised rate in September.
Still, it means Ohio now has its lowest jobless rate in more than four years. You have to go back to August of 2008 to find a jobless rate in the same 6% range.
During the latest recession, Ohio's official unemployment rate peaked at 10.6% during the last half of 2009. Since then it's gradually but steadily been moving downward. That trend has been sited as a major reason President Barack Obama won Ohio in his re-election bid and won the nation-wide election.