July 18, 2014

June Ohio Jobs Stats: 5.5% Unemployment; 13,500 Payroll Jobs Added; Workforce Shrinks Again

Filed under: Economy,Ohio Economy,Taxes & Government — Tom @ 11:22 am

June’s Regional and State Employment and Unemployment News release tells us that Ohio’s unemployment rate remained at 5.5 percent, that the state picked up 13,000 payroll jobs, and that its workforce shrunk by 4,800.

And once again, the state’s “honor roll” performance in “significantly” adding jobs, supposedly 29th in the nation in adding jobs during the past 12 months, really isn’t:

12monthJobGrowthByStateThru0614

“Ohio: We’re number 34!”

As to the workforce and payroll employment growth:

OhioUSandCbusLaborForceAndPRjobsTo0614

While the nation’s civilian labor force has increased a bit during the past 3-1/2 years — but by nowhere near enough to absorb all new potential workers, thereby causing millions of discouraged Americans to go to the sidelines — Ohio’s has shrunk.

In the three years ended in May (latest stats available), Metro Columbus’s labor force has grown, meaning the shrinkage in the rest of the Buckeye State has been even more severe than statewide stats would otherwise indicate.

The state’s payroll employment growth during the past 3-1/2 years trails the rest of the nation, while Metro Columbus’s beats it.

Take away Metro Columbus, and payroll employment growth in the rest of Ohio is less than two-thirds of that seen in the rest of the nation — and volumes have been written about how job growth since the recession ended has been completely unacceptable.

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