Buckeye’s Rea Hederman: Something to be Thankful for in Ohio’s Jobs NumbersNov 17, 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 time for the holidays, the Ohio labor market is looking up. The household survey showed a solid month for the labor market with the unemployment rate falling from 5.3 percent to 5.1 as more Ohioans found work. Further positive news is that Ohio now matches the U.S. average in labor force participation at 62.7 percent after trailing the national average for much of the past year.
“The business survey was also positive, although not as strong, as only 1,000 private sector jobs were added to the Ohio economy. This is in part due to a fall in construction job opportunities (-1100), a result of unseasonably wet weather in October. Local government hiring was up, and while positive for those who were hired, places additional strain on taxpayers.
“All in all, the Ohio economy is slowly looking up from dismal numbers this summer, and will hopefully continue to improve.”