Figures on employment and employment for December 2014 were released Friday by the Ohio Department of Jobs and Family Services, and they show Ohio gained 5,100 jobs in December 2014 seasonally adjusted. Now that final job statistics are now in for 2014, Ohio’s seasonally adjusted increase in employment during the twelve months of 2014 is 61,50 jobs, George Zeller, an independent economic analyst told OhioNewsBureau today.
According to the Cleveland based statistics expert, The Bureau of Labor Standards had made three revisions to months prior to December: The USA November figure was revised up by 20,000, while the USA October figure was revised downward by 6,000, and the USA August figure was revised upward by 10,000.
“Combining the newly released December 2014 Ohio data with the revisions to both the USA and Ohio data that are now available, we have a fresh figure on the year over year employment growth rate for both Ohio and for the USA. The December 2014 Ohio job growth rate is currently 1.14 percent. The December 2014 USA job growth rate is currently 2.16,” Zeller said in an email today to ONB.
“Thus, December 2014 is the 26th consecutive month when Ohio’s job growth rate has been below the USA national average,” Zeller notes, adding, “That highly unfortunate streak of continuous sub-par job growth rate has now been extended to 26 consecutive months. That of course is now 2 full years and two additional months of continuously below average job growth in Ohio.”
For Ohio Gov. John Kasich, off on a crusade to tout a federal balanced budget amendment that is taking him to several very safe and very Republican states out west, his rhetorical promises in 2010 to turnaround Ohio to today, when he’s about 109,000 jobs short of replacing the jobs lost from the Great Recession of 2008 and the less volatile recession of 2001, show he’s unable, even with the help of his private and secret jobs group, to keep pace with the national average under the Administration of President Barack Obama. The president spent part of his State of the Union Address Tuesday night reminding the nation, including the Republicans who sat in a joint session of Congress to hear his penultimate delivery, that “a growing economy, shrinking deficits, bustling industry, and booming energy production are sure signs that America has picked it self up and dusted itself off.
What Gov. Kasich won’t acknowledge, even if a reporter were allowed to ask him, is why he can’t staunch the growing gap between Ohio’s current job growth rate and the job growth rate in the USA. The net change in the unemployment estimate of 15,000 once again this month exceeds the 5,100 jobs that Ohio gained in December 2014, said Zeller, who is a regular source on state economics that pops up in Ohio newspapers from time to time.
Arizona State University’s W.P. Carey School of Business’ current state rankings place Ohio at 34th in its 12-month change table.
In separate but related news on how well Gov. Kasich has been performing after four years of total control of government, a national report ranks the 2013-14 economic performance of the Dayton region near the bottom among 300 metropolitan areas. The report from the Brookings’ Metropolitan Policy Program ranks Cincinnati at 213, Cleveland at 258, Columbus at 273 and Dayton at 287. One keen observer of Dayton agreed the city remains challenged economically. Richard Stock, director of the University of Dayton’s Business Research Group, admitted to the Dayton Daily News that the future could be brighter. “We still have not recovered our pre-recession level of employment,” Stock said.
Maybe more shocking for Gov. Kasich, now twice elected but with fewer than one in four registered voters voting for him the second time, the forecast for when Greater Cleveland will recoup jobs lost during the Great Recession is not until 2019, a year after Ohio’s now term-limited governor won’t be governor anymore. The forecast was issued Wednesday by the U.S. Conference of Mayors, which delivered the sad news that most of Ohio’s metro areas will also have to wait that long.
If this is the best Gov. Kasich can do after more than four years on the job, during a period when private sector jobs at the national level have surpassed the number before the Great Recession, it may be that the Kasich Administration, based on its demonstrated mis-understanding that lower income tax rates will spur job creation and cheap talk from a supply-side governor about being open for business even though the numbers prove the opposite, just can’t keep up with the president’s national record.
Labor Department figures are now clear, the nation as a whole recovered the jobs the U.S. labor market had lost since the recession officially began in December 2007. Meanwhile, Ohio still plods along as Gov. Kasich, considered a second-tier hopeful as the GOP’s presidential standard bearer, continues to ignore or whitewash his poor performance so far on the job front.
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