Employment data for November 2015 in Ohio, released Friday by The Ohio Department of Jobs and Family Services and the US Bureau of Labor Statistics, continues to clash with Gov. Kasich’s narrative that the state economy is booming.
“The new data documents the continuation of an excessively slow rate of Ohio job growth,” notes Cleveland-based economic research analyst George Zeller. “At the current sub-par rate of job growth in Ohio during October 2015, it will take Ohio 20 years to recover the jobs that Ohio previously lost during a combination of the 2000s recession and the 2007 ‘Great Recession.’ That is extremely troubling.”
The year-over-year Ohio (not seasonally adjusted) November 2015 job growth rate was 1.40 percent in Ohio and 1.87 percent in the United States, notes Mr. Zeller, who posted his like-clockwork observations today. A top, unchallenged number cruncher, Mr. Zeller told this reporter that the data is decidedly mixed.
Year To Date: Ohio Ranks 31st
But even with these numbers, this month marked the 37th consecutive month that Ohio’s job growth came in below the USA national average. “This extends Ohio’s sub-par job growth streak to three full years and one additional month, a very disappointing performance that finds Ohio’s job growth remains too slow,” he said via email.
As Gov. Kasich works town hall meetings in New Hampshire, the single state he’s banked his future prospects for president on, and in Iowa, where he’s spent little time and little money, those showing up to hear him, especially local reporters who cover him, apparently know little or nothing of his actual record back in Ohio. Gov. Kasich crows about creating hundreds of thousands of jobs, but that claim is easily debunked when a quick look at the state rankings based on job creation by the W.P. Carey School of Business at Arizona State University shows Ohio ranks in the bottom half [31st] of states on a year-to-date basis.
“Ohio entered the ‘Great Recession’ before the rest of the USA did, and while the USA long ago recovered from both the 2000 recession and the ‘Great Recession,’ Ohio’s slow pace of job growth means that Ohio still remains below its pre-recession totals both relative to 2000 and to 2006,” Zeller says, noting that Ohio’s current recovery from the 2000s recession still remains 199,200 jobs short of Ohio’s job total prior to the 2000 national recession. Ohio’s recovery from the March 2006 peak prior to the national “Great Recession” still remains a loss of 16,900 jobs, Zeller observes, citing losses in nondurable goods manufacturing, specifically, and manufacturing and health care and social assistance in general.
One sector that took big hits, and has yet to recover, are public sector jobs. Zeller calculates that Ohio has stopped cutting government employment with an increase of 2,900 government jobs in November with small increases in federal government, state government and local government. Gov. Kasich is proud of cutting state government jobs, and promises to do far more in Washington if he lands there as president. Mr. Kasich has called Washington “obsolete” and say’s he’ll whittle it down by terminating some agencies and gutting others, as he sends their functions and funding back to the states in block grants.
For the first time under Gov. Kasich’s nearly five years in office, the state unemployment rate ticked up, from 4.4 percent in October to 4.5 percent in November. Now a term-limited governor, Mr. Kasich inherited a rebounding economy and took credit for tens of thousands of jobs created by his predecessor, Democratic Gov. Ted Strickland. Gov. Strickland took the worst the Great Recession handed out, and through competent management kept it out of a real depression by using all the tools available to him at the time, including draining the state’s “rainy day” emergency fund to 89 cents, a fact Gov. Kasich uses to mock the official he squeaked by in 2010 by two percent, even though he’s never been asked to explain, exactly, what he would have done different.
Fed Rate Rise Fractures Kasich’s Tale Of Economic Woe
In separate news, raising the federal prime rate a quarter of a percent, as the Federal Reserve did this week, fractures Gov. Kasich’s tale of economic woe. It was only a matter of time before the vastly improved economy from the terrible times left by President George W. Bush would prompt the Federal Reserve to tick up the prime interest rate a fraction, as it did Wednesday by a quarter basis point.
President Bill Clinton turned over a booming economy that created 23 million jobs under his watch, the most of any president in America’s history. That feat set the nation on course to budget surpluses that could have retired all of Americas debt but for Bush White House policies that gave trillions away in tax cuts and spent trillions more on wars waged for political gain.
For the record, Congressman John Kasich voted against President Clinton’s budget and the budget of his forerunner, President George H.W. Bush, because both budgets contained tax increases that brought in the kind of revenue that provided the economic clout to even attempt to balance the federal budget.
Kasich has long claimed, for reasons of self-aggrandizement, that he, not President Clinton, deserves the credit. History shows that Congressman Kasich, who was elevated to chairman of the House Budget Committee when Republicans took control of the U.S. House of Representatives in 1994, the year of their “Contract With America,” was just another face in the throng in Congress that negotiated with the Clinton White House.
Kasich Quiet On Trillions Spent On Iraq War Fiasco
This fact is so well known, yet obsessively denied by national and state GOP officials, including Gov. John Kasich, that even Donald Trump, the front runner to win the GOP nomination for president next year, was bold enough to say in the 5th and final Republican debate of this year held in Las Vegas that marching into Iraq as President Bush and Vice President Dick Cheney did was possibly the biggest blunder America has ever made. Trump, who leads his 12 other rivals in national and most state polls, said the $4-5 trillion spent on wartime efforts should have been better spent fixing roads and bridges back home instead of toppling dictators who could have kept a lid on the powder keg that is the Middle East today.