From the daily archives: Friday, January 20, 2012

This morning the Ohio Department of Jobs and Family Services released the Ohio jobs data for December.  Again, Ohio’s unemployment rate dropped significantly from 8.5% to 8.1%, but that’s not good news once you, again, look at why Ohio’s unemployment rate is dropping.  In fact, it suggests that Ohio’s recovery is stalling.

In November, the unemployment rate dropped .5% as Ohio made a modest gain of 6,000 new jobs, but the drop was largely due to the fact that 22,000 unemployed Ohioans dropped out of the labor market altogether.  In other words, they gave up even looking for […]

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