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Central Ohio Unemployment Rate - News & Updates

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Started 3 years ago by gk
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News
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Ohio unemployment rate remains at 7.2% despite drop in jobs
Business First by Evan Weese, Web coordinator
Date: Friday, September 21, 2012, 11:49am EDT

Ohio’s jobs market stayed in neutral last month, making for consecutive months of no improvement after nearly a year of gains. The Ohio unemployment rate remained at 7.2 percent in August, unchanged from June and July, according to data released Friday by the Ohio Department of Job and Family Services. Prior to that, the state’s unemployment rate had fallen for 11 straight months, outpacing the national recovery.

READ MORE: http://www.bizjournals.com/columbus/news/2012/09/21/ohio-unemployment-rate-remains-at-72.html

Posted 8 months ago #
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Columbus Unemployment Rate Down Sharply In August
September 25, 2012
by Steve Brown
89.7 NPR News Morning Anchor

The latest numbers on local unemployment show a steadily-improving economy in central Ohio. Columbus and Franklin County have consistently outperformed most of the state since the end of the recession. That trend continued in August, when the city’s unemployment fell to 6 percent. That’s a half-percent drop from July and more than a full percent below the statewide average.

READ MORE: http://beta.wosu.org/news/2012/09/25/columbus-unemployment-rate-down-sharply-in-august/

Posted 8 months ago #
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Central Ohio unemployment rate drops to 6.1%; best in 4 years
Business First by Evan Weese, Web coordinator
Date: Tuesday, September 25, 2012

Central Ohio saw its unemployment rate improve to 6.1 percent in August, from 6.4 percent in July, reaching the lowest level since August 2008. But the region is not out of the woods yet, said Regionomics LLC owner Bill LaFayette . The work force is still smaller now, at 958,000, than it was four years ago at 964,000 because of discouraged workers. Even as the working age population grows by roughly 1.1 percent a year, there are still too many people sitting on the sidelines, he said.

READ MORE: http://www.bizjournals.com/columbus/news/2012/09/25/central-ohio-unemployment-rate-drops.html

Posted 8 months ago #
gramarye
In Exile
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But just doing back-of-the-envelope calculations (or, since I'm high tech this way, using the same TI-86 that I've had since high school, which I still have ... hey, don't laugh, I nailed the AP Calculus test with this thing ...), even if the workforce were still 964,000 instead of 958,000 and all 6000 additional workers were unemployed, that would still push the rate to only 6.7%. All things considered, things could be a heck of a lot worse.

Posted 7 months ago #
joev
Merion Village
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Things are lookin' up for Ole Ohio!

Posted 7 months ago #
News
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Unemployment rate drops to 7.8% as U.S. adds 114,000 jobs in September
Business First by Doug Buchanan, Managing editor
Date: Friday, October 5, 2012, 8:43am

The U.S. economy added 114,000 jobs in September, and President Barack Obama's presidential re-election hopes got a boost when the unemployment rate fell to 7.8 percent.

READ MORE: http://www.bizjournals.com/columbus/morning_call/2012/10/september-jobs-report.html

Posted 7 months ago #
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Jobless Claims in U.S. Fall to Four-Year Low
By Alex Kowalski - Oct 11, 2012 5:15 PM ET

Applications for jobless benefits dropped 30,000 to 339,000 in the week ended Oct. 6, the fewest since February 2008, Labor Department figures showed today. Economists forecast 370,000 claims, according to the median estimate in a Bloomberg survey. One state accounted for most of the plunge in claims, a Labor Department spokesman said as the data were issued to the press.

READ MORE: http://www.bloomberg.com/news/2012-10-11/jobless-claims-in-u-s-fall-to-four-year-low-as-quarter-starts.html

Posted 7 months ago #
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Unemployment Rate Falls While Employers Shed 12,800 Jobs
October 19, 2012
by The Associated Press
Contact the Author:

Ohio’s unemployment rate has dropped slightly to 7 percent after three consecutive months of holding steady at the same rate.

READ MORE: http://beta.wosu.org/news/2012/10/19/unemployment-rate-falls-while-employers-shed-12800-jobs/

Posted 7 months ago #
geoyui
West Side
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5.7% now, woohoo!

Posted 7 months ago #
News
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Central Ohio Job Market Continues To Outpace State
October 23, 2012
by Steve Brown
89.7 NPR News Morning Anchor

The central Ohio job market continues to outperform most of the state. According to state figures released Tuesday, the unemployment rate for central Ohio fell from 6.0 percent in August to 5.7 percent last month, the lowest level in more than more than four years and more than a full percent below the current statewide average.

READ MORE: http://beta.wosu.org/news/2012/10/23/central-ohio-job-market-continues-to-outpace-state/

Posted 7 months ago #
bjones7
Worthington Ohio
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So we're still the largest city in the U.S with the lowest unemployment rate, correct? @ 5.7/5.8 (dispatch says 5.7). Columbus should have a big media blitz airing in other large cities in the U.S saying something like "Come to Columbus, we have jobs for everyone!" Ha.

http://www.dispatch.com/content/stories/business/2012/10/24/jobless-rate-lowest-since-08.html

Posted 7 months ago #
melikecheese
Merion Village
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Do Columbus actually ever have media anything for anything we do?

I'm just curious, cause yes this seems like something to use to help bring more people to the city. If I go down to Florida would I ever see a Ohio commercial or a Columbus ad anywhere?

Posted 7 months ago #
News
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State Unemployment Ticks Down After 13,900 New Jobs in October
November 16, 2012
by Steve Brown
89.7 NPR News Morning Anchor

The latest state jobs report says Ohio’s unemployment rate fell for a second straight month last month. The report from the Ohio Department of Job and Family Services lists an October jobless rate of 6.9 percent, down from 7 percent in September. The report says the state added nearly 14,000 jobs last month, and about 10,000 people left unemployment rolls.

READ MORE: http://wosu.org/2012/news/2012/11/16/state-unemployment-ticks-down-after-13900-new-jobs-in-october/

Posted 6 months ago #
bjones7
Worthington Ohio
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WOOHOO 5.4 % unemployment in central Ohio !
http://www.dispatch.com/content/stories/business/2012/11/20/central-ohio-jobless-rate-hits-low-in-october.html

Is it safe to say that Columbus is the largest city in the U.S with the lowest unemployment rate?

Posted 6 months ago #
Analogue Kid
Olentangy West
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bjones7 said:
WOOHOO 5.4 % unemployment in central Ohio !
http://www.dispatch.com/content/stories/business/2012/11/20/central-ohio-jobless-rate-hits-low-in-october.html

Is it safe to say that Columbus is the largest city in the U.S with the lowest unemployment rate?

I'd ask someone at New Geography to check it out. Certainly possible...

Posted 6 months ago #
bjones7
Worthington Ohio
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If you look at this link: http://www.bls.gov/web/metro/laummtrk.htm (outdated by a month)
Then compare it to this link:http://www.infoplease.com/ipa/A0763098.html

You can see that all the cities ahead of us are smaller is population. I am talking just the city of Columbus. I believe its safe to say we are the largest city in America with the lowest unemployment. Yet no one cares...

Posted 6 months ago #
columbusmike

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bjones7 said:
I believe its safe to say we are the largest city in America with the lowest unemployment. Yet no one cares...

One of the beautiful things about Columbus - we stay under the radar :)

Posted 6 months ago #
Analogue Kid
Olentangy West
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bjones7 said:
If you look at this link: http://www.bls.gov/web/metro/laummtrk.htm (outdated by a month)
Then compare it to this link:http://www.infoplease.com/ipa/A0763098.html

You can see that all the cities ahead of us are smaller is population. I am talking just the city of Columbus. I believe its safe to say we are the largest city in America with the lowest unemployment. Yet no one cares...

The rankings from the bls are by metro area, not city proper. Decent sized areas such as Minneapolis, Washington DC, Omaha, and Austin are ahead of us. But still we are doing well.

The economic success of the great plains is pretty amazing, particularly North Dakota.

Posted 6 months ago #
AlanBarber
Columbus
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columbusmike said:
One of the beautiful things about Columbus - we stay under the radar :)

I'll second that!

Low unemployment means we have a positive environment for workers to earn good wages and benefits. It may sound cold hearted but the last thing we need is a lot of press that would draw in new workers to flood the job market and depress wages.

Posted 6 months ago #
News
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Unemployment Down, But Some Job Seekers Remain Pessimistic
December 5, 2012
by Mandie Trimble
89.7 NPR News Reporter

Job industry experts say the market is improving. Monthly stats from the state and federal governments indicate companies are adding workers.

READ MORE: http://wosu.org/2012/news/2012/12/05/unemployment-down-but-some-job-seekers-remain-pesimistic/

Posted 5 months ago #