Buckeye’s Rea Hederman: Ohio July Jobs Report is a Sober OneAug 18, 2017
Columbus, OH – Rea S. Hederman Jr., executive vice president at The Buckeye Institute, commented on newly released unemployment data from the Ohio Department of Job and Family Services.
“The Ohio labor market dipped in July with the unemployment rate increasing from 5.0 to 5.2 percent, and Ohioans stopped looking for work as labor force participation fell to national levels at 62.9 percent. In addition, private sector job opportunities continued the stream of bad news, with 2,500 fewer private sector jobs in July compared to June.
“Overall, the Ohio July jobs report is a sober one. While one month of data can be a statistical anomaly, policymakers should begin considering measures to increase economic opportunities in Ohio private sector.”