Buckeye’s Rea Hederman: Ohio’s August Jobs Report Paints a Contrasting PictureSep 15, 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.
“In August, the two payroll surveys diverged painting a contrasting picture of the Ohio labor market. The household survey, used to determine the unemployment rate, continued the bad news from July, with the unemployment rate increasing even as Ohioans left the labor force. In the last two months, the unemployment rate has jumped from 5.0 in June to 5.4 in August, a worrying climb.
“However, the payroll survey, which counts the number of workers, showed good news as private sector employment increased by 11,000 in August. The number of jobs in July was also revised slightly upward, which means that Ohio employers increased their headcount in July instead of shedding jobs. The hospitality sector created the most jobs in August adding 6,600 new employees, and manufacturing increased job opportunities by 1,600 which more than makes up for the dip in July.
“It is not uncommon for the two different surveys to diverge given that they measure different things and one interviews people and the other businesses. However, if the surveys become more similar and growth stagnates like it has in the household survey, Ohio policymakers will need to consider a more pro-growth policies.”