The Economy & Business

The Economy & Business
7:38 am
Tue July 23, 2013

Dayton Home Sales Highest Since Recession

Credit Diana Parkhouse

There’s some positive news for the Dayton housing market- home sales are at a five year high. The numbers are the most for the month of June since before the economic downturn began in 2007.

According to a new report from the Dayton Area Board of Realtors, home sales were up 24% from the same time last year. June is typically one of the stronger months for home sales.  The prices of homes are also on the rise with an average sale price of just over 142 thousand dollars, a 10 percent increase from the same time last year.

Read more
The Economy & Business
7:35 am
Mon July 15, 2013

Tax Revenues End Above Estimates

Ohio’s economic recovery is showing up in the figures on tax revenue that state government is taking in. The final money tally from state budget year that just ended has Ohio up three percent compared to original estimates.

The newly released final numbers from the budget year which ended June 30 show the state getting more money than predicted, $670 million more over the past year to be exact.

That figure is about three percent more than original estimates.

Read more
The Economy & Business
2:31 pm
Wed July 10, 2013

New Development Project Announced for Downtown Dayton Riverfront

Downtown Dayton
Credit Juliet Fromholt

The City of Dayton announced it will begin a new development project downtown. The commission approved a $36 million pre-development agreement for what’s called the Water Street Project that will enhance riverfront property in the city.

Read more
The Economy & Business
8:04 am
Mon July 8, 2013

Report: Ohio Debt Causes Higher Taxes For Employers

Ohio employers have been paying millions in higher taxes because the state has failed to repay a federal loan to cover unemployment benefits during the recession.

The Columbus Dispatch reports that the state's failure to repay the $1.5 billion federal debt has left Ohio employers with a $272 million tax increase over the past 18 months.

Employers pay state and federal payroll taxes to fund jobless benefits. But Ohio was among 36 states forced to borrow from the federal government to keep paying jobless benefits when the recession hit.

The Economy & Business
8:04 am
Fri June 21, 2013

Ohio Unemployment Rate Stays At 7 Percent For May

Ohio's unemployment rate remained unchanged at 7 percent for May.

State officials released the new number Friday morning. The rate was the same as April, after falling from 7.1 percent the two previous months.

The Ohio rate has consistently remained below the national level. The U.S. unemployment rate for May was 7.6 percent.

The state's leaders have said Ohio's economy and its job market are getting stronger, though the process is slow.