Ohio Gov. John Kasich has now overseen 59 consecutive months of sub-par job growth back in the Buckeye State.
Last week Kasich joked to a group of school administrators, asking them what more they could ask for with a balanced budget and Ohio “up 490,000 jobs?” Impressive figure until it’s put into context, when it actually looks pretty bad. Those who do know the context of Kasich’s scoreboard numbers, like Ohio’s premier job number data cruncher, George Zeller, what it means is Ohio continues to lag the national average in job creation. That is no joke.
Kasich takes another big beating, with new data showing he’s gone 59 straight months of not matching the national job creation average. Kasich almost made his way out of the dark last month when natural disasters made Ohio’s job creation average scratch just barely above the national average until revised numbers showed it hadn’t actually made it, thus extending the sub-par job growth in Ohio first to 58 months and now to 59.
The new monthly data revealed another sad statistic as more accurate figures are considerably different than similar figures in reports released during all prior 2016 months.
“The total downward revision to Ohio jobs during 2016 was an unusually large -138,100 jobs,” Zeller explained. “This revision eliminated what had originally been reported as positive job figures in Ohio during the early summer months of 2016.”
The Ohio governor came up exactly 269 Electoral College votes short of winning the presidency last year (270 are required). The state CEO who still believes in dying GOP dogmas that including tax cuts create jobs, promised in 2014 to “lift everyone up no matter their circumstances” if elected. He was elected to a second term, but he hasn’t delivered on his promise by a country mile. Kasich has done poorly even though he’s dished out $5 billion and more in income tax cuts he boasts with pride about when out of Ohio.
Far from being a leader of states in job growth and creation, Zeller tells us, “The new September 2017 data find that Ohio is still recovering from both the 2000s recession and the 2007 ‘Great Recession.’ But, Ohio’s growth remains too slow. Ohio gained only 100 jobs during September 2017, not the originally reported 10,500 jobs.”
“Ohio’s unemployment rate estimate was estimated to decline from the September 2017 estimate of 5.3 percent to 5.1 percent in October 2017. The USA unemployment rate estimate simultaneously was 4.2 percent in September 2017 and 4.1 percent in October 2017. Thus, Ohio’s unemployment estimate in October 2017 is higher than the USA unemployment rate estimate for the fourteenth consecutive month.”
Kasich can talk a blue streak about being up 490,000 jobs, but in context, that means Ohio’s gain of 60,000 jobs between October 2016 and October 2017 remains far slower than the USA’s gain of 2,037,000 jobs during the same one year period, not seasonally adjusted, Zeller posited.
“The revised job estimates find that Ohio gained 75,800 jobs during 2012. During 2013, Ohio’s job growth was 76,000 jobs. During 2014, Ohio gained 96,000 jobs, an improving growth performance but still growth below the national average level of employment growth within the state. During 2015, Ohio gained a modest 60,700 jobs. During 2016 Ohio gained only 49,700 jobs, the slowest annual job growth that Ohio has generated since 1999. Additional revisions released today were a downward revision of 10,200 to last month’s September 2017 data seasonally adjusted and 10,400 not seasonally adjusted. Ohio’s employment growth remains below the USA national average, with a current streak of fifty-nine months in a row with a sub-par and too slow rate of employment growth.”
So while Kasich is out proselytizing on national media about coming together to solve common problems, his record back home is something of an embarrassment to anyone who knows enough to know his glibness on being a supply side conservative is just easy rhetoric without supporting data.
Government job losses of the kind Kasich is proud of talking about since it pleases his anti-government crowd has dominated Ohio negative job figures in many previous months. October data shows a change, with state government jobs increasing by 3,200. That growth was in local government, as Zeller noted, adding that state government lost 800 jobs while federal government jobs dipped by 300 jobs.
“A counterproductive Austerity policy of slashing Government employment during the last several years has prevented Ohio from speeding up its slow and usually below average growth rate to a vigorous employment recovery that the state badly needs,” Zeller told Plunderbund. “The new October data once again illustrate the importance of this fact.”
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