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Rea S. Hederman Jr.

The Buckeye Institute: Ohio’s April Jobs Report Shows Continued Growth, National Signs Point to Slowdown

Rea S. Hederman Jr. May 20, 2022

The Buckeye Institute commented on Ohio’s newly released jobs report, saying, “In the first four months of 2022, the labor market has added more than 50,000 jobs, reducing the jobs deficit to almost 90,000 when compared to February 2020. If Ohio maintains this pace of job growth, it will erase the pandemic jobs deficit this year. However, national signs, including a lackluster April jobs report and growing inflation, raise serious concerns as to whether Ohio will be able to maintain this pace of growth.”

The Buckeye Institute: Improvements in Ohio’s Jobs Report Indicates Economy Continues to Strengthen

Rea S. Hederman Jr. April 15, 2022

The Buckeye Institute commented on the newly released jobs report from the Ohio Department of Job and Family Services, saying, “Ohio’s March jobs report saw the state’s unemployment rate drop to 4.1 percent—down from 4.2 percent and slightly higher than the national average of 3.6 percent…While [this] improvements [is] small, [it] indicate[s] that Ohio’s job market continues to strengthen with more people entering the workforce and finding jobs…Since the beginning of 2022, Ohio’s economy has added 45,000 private-sector jobs…”

The Buckeye Institute: Persistent Challenges Continue to Impact Ohio’s Economic Recovery

Rea S. Hederman Jr. March 25, 2022

The Buckeye Institute commented on the newly released jobs report from the Ohio Department of Job and Family Services, saying, “Although the February 2022 unemployment rate is nearly the same as it was in February 2020, too many Ohioans remain out of the economy, with 80,000 fewer workers participating in the job market. And while the private sector added 6,900 jobs in February 2022, there are nearly 130,000 fewer jobs than Ohio’s economy had in February 2020.”

The Buckeye Institute: Ohio Rang in the New Year with Strong Job Growth, Labor Participation a Growing Concern

Rea S. Hederman Jr. March 11, 2022

The Buckeye Institute commented on Ohio’s newly released jobs report, saying, “In January, Ohio’s job market continued to improve with the unemployment rate falling from 4.5 percent to 4.3 percent. While the state’s unemployment rate remains higher than the national average, this January’s report shows strong improvement compared to January 2021 when Ohio’s unemployment rate stood at six percent. Of concern is the apparent stagnation of Ohio’s labor force participation rate, which remained the same at 61.5 percent...”

The Buckeye Institute Urges Ohio Lawmakers to Replenish Unemployment Trust Fund with ARPA Funds

Rea S. Hederman Jr. February 07, 2022

In a new policy memo, How Ohio Should Spend Phase II of American Rescue Plan Funds, The Buckeye Institute recommends that Ohio use its second payment from the American Rescue Plan Act to “replenish the state’s unemployment trust fund to its pre-pandemic balance and safeguard families and businesses from future downturns and tax increases.” To take advantage of a federal grace period and avoid a “maintenance of effort” provision, state lawmakers must adopt this strategic use-of-funds policy before April 1, 2022.

New Buckeye Institute Report Offers a Blueprint for How Ohio Cities Can Transition to a More Sustainable Tax System

Greg R. Lawson, Rea S. Hederman Jr., and Andrew J. Geisler January 24, 2022

The Buckeye Institute released a new report, Sustainable Ohio: How to Fund Ohio’s Cities in the 21st Century, which offers a blueprint for how Ohio can move away from its outmoded local income tax system—that heavily relies on nonresident taxpayers—and towards a property or sales tax system that will fund city services in a much more sustainable way. By transitioning to the new funding system Ohio’s cities can better provide government services, attract and retain businesses and workers, and offer residents the economic growth and opportunity they deserve.

The Buckeye Institute: Ohio’s Jobs Market Ends 2021 with a Bang

Rea S. Hederman Jr. January 21, 2022

The Buckeye Institute commented on the newly released jobs report from the Ohio Department of Job and Family Services, saying, “Ohio experienced another strong jobs report in December—with the unemployment rate falling to 4.5 percent and the labor market participation rate increasing to 61.5 percent—to end 2021 on a strong note…As Ohio enters its third year of dealing with the pandemic, it is clear policymakers need to do more to spur economic growth and adopt policies that will attract employers to the state.”

Buckeye Institute-Championed Telehealth Policies Signed into Law

Rea S. Hederman Jr. December 22, 2021

Rea S. Hederman Jr., executive director of the Economic Research Center at The Buckeye Institute and vice president of policy, issued a statement after Governor Mike DeWine signed House Bill 122, which expands access to telehealth for all Ohioans, into law. “By signing this Buckeye Institute-championed policy into law and modernizing Ohio’s telehealth rules, Governor Mike DeWine and lawmakers in the Ohio General Assembly have made it easier for people to access medical services and to get the care they need.” 

The Buckeye Institute: More Holiday Cheer with a Strong November Jobs Report

Rea S. Hederman Jr. December 17, 2021

The Buckeye Institute commented on newly released employment data from the Ohio Department of Job and Family Services, saying, “After a strong October jobs report, Ohio enjoyed some more holiday cheer with another strong report in November. The unemployment rate fell from 5.1 percent to 4.8 percent and more workers returned to the job market with a small increase in the labor force participation rate. Although Ohio continued to lag behind the national numbers, November’s report is good news for the Buckeye State.”

The Buckeye Institute: Proven Telehealth Policy Solution Passes Ohio General Assembly

Rea S. Hederman Jr. December 09, 2021

The Buckeye Institute commented on the final vote on House Bill 122, which permanently expands access to telehealth for all Ohioans. The bill will now be sent to Governor Mike DeWine to await his signature. “With the final approval of House Bill 122, Ohioans are one step closer to better and easier access to health care…In sending House Bill 122 to Governor DeWine, the General Assembly has made it possible for all Ohioans—particularly the elderly and those in rural Ohio—to see their health care providers and get the care they need.”