Both Ohio senators voted Tuesday to move ahead with debate on a 3-month, $6.4 billion extension of emergency unemployment insurance. Around 40,000 Ohio residents saw their insurance cut off at the end of December after congressional Republicans left the program out of a last-minute budget deal, and another 128,000 stand to get cut off sometime in 2014.
The U.S. Congress is on its way to a budget deal a couple weeks ahead of the January 1, 2014 deadline, but the deal doesn’t include extending emergency unemployment benefits. That means around 40,000 Ohioans could see their payments end this month.
The nation's unemployment rate could fall below 7 percent nationally in under two years, according to an economic forecast developed in Cleveland. This also means interest rates will likely stay low for a while.
Blame it on the government shutdown: we missed a month of job reports this fall. But during that time, frankly not much happened. Unemployment in the greater Dayton area ticked up from 7.3 percent in August to 7.5 percent in October, with the number of jobs hovering around the October total of 369,600.
The monthly Ohio unemployment report scheduled for Friday will be delayed because of the federal government shutdown. That means residents and employers will have to wait to find out whether the slight uptick in the state jobless rate for August continued last month.
The Columbus Dispatch says the state compiles the report using data from the federal Bureau of Labor Statistics and the Census Bureau. The shutdown is affecting both agencies.