A report out Sunday says the labor market in Ohio is tough—and not improving as fast as the rest of the country. But some Dayton-area officials have a brighter outlook.
The report, from left-leaning organization Policy Matters Ohio, says jobs, especially well-paying ones, are slow to return to the state. Unemployment has leveled out around 7 percent, but many people continue to leave the labor force completely.
Miami County is preparing for a major tour stop by UK folk stars Mumford and Sons this weekend. The city of Troy, population 25,000, is anticipating an influx of 40,000 people and at least $12 million in new revenues for the region.
By Wednesday, downtown Troy was already overrun with semi trucks, workers, and, believe it or not, mustaches. Inside Hittle’s Jewelry, owner Jenny Nimer showed off her display of mustachioed jewelry, complete with what she called “bling.”
The company behind a southwest Ohio racino says the project should be finished by its target date next year, though demolition and cleanup work at the Dayton site is taking longer than expected.
An official from Penn National Gaming tells the Ohio State Racing Commission workers are taking extra time to clean up concrete slabs at the site, which is a former manufacturing plant. He says the project is lagging behind construction of another Penn National racino near Youngstown that doesn't involve industrial cleanup.
Ohio manufacturers are largely feeling upbeat about their future, according to a couple signs.
This week, the Small Business Administration announced that it’s made nearly 130 loans to northern Ohio manufacturers in this most current fiscal year, which looks to be on par with 2012. The total loans come to nearly 55-million dollars, well over twice the amount handed out in 2009 when the brunt of the recession came down on many regional companies and vendors.
Dayton ranks third in the U.S. for fluctuations in gas prices, following behind Fort Wayne, IN and Indianapolis, IN. A report by GasBuddy finds that the Midwest in general sees more of these steep price hikes. Dayton recorded a single day average price hike of $0.31.
But it’s not all bad news, according to Greg Laskoski, a petroleum analyst with GasBuddy. For 171 days, the price of gas in Dayton actually decreased by a penny or more per gallon