Currently viewing the tag: "Economy"

In light of today’s disappoint June jobs report in which the State of Ohio saw for the first time in twenty-two months its unemployment rate go up, I thought I search to see if there was any indication that we should expect July’s jobs report (which we’ll get roughly a month from now) will be any better.

Yesterday, the Associated Press reported that the U.S. Department of Labor released its data for new unemployment claims for the week of July 9th.  Here’s what the AP reported said:

The Labor Department said Thursday that Ohio […]

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We’ve talked about how through February 2010 until April 2011, Ohio was on a consistent fourteen-month streak of seeing its unemployment rate drop every month.  That was second only to the streak that began in 1983 in terms of longest consecutive streak of consistently dropping monthly unemployment rates in Ohio.  The streak ended in May when Ohio’s unemployment rate stayed the same as it did in April.

This morning, the Ohio Department of Jobs and Family Services released its June unemployment report for Ohio.

The number of Ohioans that are unemployed grew by 9,000 from May to June […]

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First, according to CNBC’s website, the 2011 “Business Friendliness” for Ohio went from #38 in 2010 to #42 in 2011.  So, that’s not an improvement.  What the 2010-2011 CNBC rankings (if you even care about such relatively arbitrary ranking gimmicks are from a media outlet) do show is that Ohio was the most improved State in their ranking system with an overall improvement in their rank by eleven spots from 34th in 2010 to 23rd this year.

But, again, this has nothing to do with John Kasich.  Because anyone who reads about CNBC’s methodology […]

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Standard & Poor’s is one of the three major credit rating agencies that has enormous influence in shaping the price and rates for Ohio’s bonds.  Earlier this week, it and the other two major credit reporting agencies turned up the pressure on Speaker Boehner and the Congressional Republicans when it threatened to downgrade the credit rating of the United States if a deal on the debt ceiling isn’t reached soon.

On Friday, S&P revised Ohio’s credit rating (may require free registration to view.)  While the credit rating has stayed the same, the raters changed Ohio’s outlook from negative […]

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During the campaign, John Kasich heavily criticized Ted Strickland for having an interim director at the Ohio Department of Development before making her the permanent director.

PolitiFact called this statement from Kasich “False” because it implied that there was no leadership in the office during that time when for the most part it was run by the same person.  But Kasich continued to use the line of attack, saying that the failure of the Strickland Administration in having steady leadership in the agency was a reason for Ohio’s economic problems during the Great Recession.

So, how has Kasich […]

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Butler and Warren Counties is about as deep red of a county with a significant population that you’re going to find in Ohio.  The default GOP political map for any statewide campaign is to run up the score to offset the Democratic advantages in Cleveland and Youngstown.  These are the counties that Ken Blackwell still managed to carry despite getting only 36% statewide.

These counties are not just controlled by Republicans, the GOP holds every virtually partisan office to the point that many Democrats are technically registered Republicans because the GOP primary is just about the only contested race voters […]

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In 2006, nearly 57% of Ohio voters passed a constitutional amendment to guarantee a minimum wage law in this State that was automatically tied to inflation.  It was an election in which 53% of all registered voters in Ohio voted.

Fast forward to 2010, John Kasich is elected with roughly 49% of the vote in an election in which 49% of all register voters in Ohio voted.

Here is what the voters of Ohio enshrined in the State’s constitution in 2006 with a sizeable majority of the vote (Art. II, Sec. 34a of the […]

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It’s hard to capture every nuisance and change in the budget when it takes the Senate GOP caucus fifteen pages just to describe the amendments, and I haven’t the time (or yet present ability) to read the amendments myself.

WHAT’S OUT:

Workers Compensation Council. InnovationOhio was quick to declare a partial victory in that the Ohio Senate’s omnibus budget amendment eliminates the unstaffed Workers Compensation Council.  That’s pretty remarkable when you consider ordinarily such a move should have been made in the separate budget for Workers Compensation that has already been signed into law.  Also, we all know that […]

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Ohio’s unemployment rate dropped from 8.9% in March to 8.6% in April as the State made a net gain of 8,600 jobs.  Over the past twelve months, Ohio has 67,000 new jobs.

Service-providing industries increased 9,800 over the month to 4,287,200. The most significant gains occurred in professional and business services (+7,100) and trade, transportation, and utilities (+4,200). Other industries gaining jobs included government (+1,900), information (+1,100), and financial activities (+600). Leisure and hospitality (-2,900), educational and health services (-2,100), and other services (-100) experienced over-the-month losses. Goods-producing industries, at 809,300, were down 1,200 from March, driven by a […]

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Just because he called the bailout of GM “throwing good money after bad,” apparently, didn’t stop Governor Kasich from going up to Toledo to participate in GM’s announcement that it was adding 400 jobs there. I wonder if they served him crow for lunch?

Meanwhile, ODP takes the opportunity to attack… Ken Blackwell over his opposition to the GM bailout that the non-lawyer called potentially “illegal.” Being a Republican means never having to admit you were wrong.

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During his 100 day celebration, after declaring his need to avoid “unforced errors,” Governor Kasich suggested that part of what SB 5 did was bring state government benefits more in line with the “shabby” benefits of private workers like a waitress at Bob Evans.  By bringing Ohio’s public employee union benefits, to the “shabby” benefits of minimum wage, non-union jobs like the waitress at Bob Evans saves the State money, Kasich argued.

(Source: Marc Kovac @ Ohio Capital Blog)

So, would the State of Ohio save money if it provided benefits like Bob Evans does?  No.

[…]

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