53 Consecutive Months Of Sub-Par Job Growth
New data for April 2017 show Gov. Kasich, whose platform was to be a jobs governor, has extended his sub-par job growth streak to 53 consecutive months. Ohio’s preeminent number cruncher, George Zeller, reports that the new April 2017 data show that “Ohio is still recovering from both the 2000s recession and the 2007 ‘Great Recession.’ But, Ohio’s growth remains too slow and is well below the USA national average.”
One big pothole for Mr. Kasich comes with a revised downward change in jobs created in the past, a figure Zeller pegs at “a massive -138,100 jobs.” Zeller writes that the downward revisions to previous “good” months in June and July 2016 were unusually large and in excess of 30,000. The newly released figures, Zeller tells Plunderbund, find that on a seasonally adjusted basis, Ohio lost 5,700 jobs during April 2017.
“With the newly released 5,700 job loss during April 2017 in Ohio, the state’s job gain during the first four months of 2016 declined to a badly needed but still too slow 9,100 jobs seasonally adjusted,” Zeller says, adding, “But, this leaves a huge hole from the gigantic downward revision to last year’s 2016 data from the annual benchmark revision.”
“The new figures mean that the speed at which Ohio is gaining jobs during an economic recovery continues to be alarmingly too slow,” Zeller says. Ohio’s year-over-year job growth between April 2016 and March 2017 is a slowing 0.60 percent, which Zeller notes is a slowing rate during April 2017 at 1.51 percent. “Thus, Ohio’s rate of job growth during April 2017 is once again slower than the USA national average,” he concludes. “This extended Ohio’s current streak of below average job growth to fifty-three consecutive months following the annual benchmark revision to the data and the disappointing March and April 2017 Ohio job losses.”
According to Mr. Zeller who resides in Cleveland, where job growth is virtually nil, it will take Ohio nearly three years to recover the jobs that Ohio previously lost during the 2000s recession. “That is extremely troubling.”
In addition to losing durable manufacturing jobs, the normal bread and butter of Ohio’s economy, the state continues to suffer as government job sag with the loss of another 1,900 public sector government jobs, most of which were driven by a loss of 2,600 jobs in State Government. Gov. Kasich is proud of fewer workers working in the public sector, since he values private sector jobs over public sector jobs, even though the loss of the latter keep him underwater with the nation.
“A counterproductive Austerity policy of slashing Government employment continues to prevent Ohio from speeding up its slow and below average growth rate to a vigorous employment recovery that the state badly needs,” Zeller instructs.
Broadway John Takes Bows
Gov. Kasich is reaping plaudits from national reporters who apparently have no clue about how bad he’s doing back home, where his job approval rating has slumped to 42 percent in a poll top-heavy with Republicans. His new national fame comes from his defense of expanded Medicaid and an alternate universe where he is really the president, not Donald Trump, who he remains critical of when he finds it to his advantage.
In the race to fill Kasich’s seat in 2018, some Democrats, like Dayton Mayor Nan Whaley, are taking dead aim at his years in office as their platform to make Ohio great again. Gov. Kasich will continue soaking taxpayers on his quest for a future after his years of governing Ohio officially end on Jan. 1, 2019.
These days folks are more likely to cross paths with John Kasich at the largest independent bookstore in Texas in Austin, or at book stores in Florida, where reports say he will speak at the Forum Club of the Palm Beaches. At his Florida appearance, touted as “Florida’s largest nonpartisan political and public affairs organization” dating back to its inaugural speaker, President Jimmy Carter, tickets are $77 apiece for the general public. Or they can just watch him on TV during a visit to New York City.
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