August 20, 2017

Ohio’s Jobs and Unemployment Record: The Disgrace Continues

Filed under: Economy,MSM Biz/Other Bias,Taxes & Government — Tom @ 6:22 pm

Ohio’s Jobs and Unemployment Record: The Disgrace Continues

OHinMIunemp0717.jpg

As I noted a month ago, Michigan and Detroit were the basket cases of the country before, during and after the recession of 2008 and 2009. Ohio was also in very bad shape.

As a result, both states elected Republican governors in November 2010 who took office in January 2011. Rick Snyder in Michigan and John Kasich in Ohio were each re-elected in 2014. Each man has had 6-1/2 years to right the ship against the difficult headwinds of the worst national “recovery” from a deep recession since World War II.

Here’s the scoreboard through July 2017:

Seasonally adjusted unemployment rates, January 2011, as seen in last month’s post —

  • Michigan — 10.9 percent (absolute high was 14.9 percent in June 2009)
  • Metro Detroit — 12.1 percent (absolute high was 16.3 percent in June 2009)
  • Ohio — 9.2 percent (absolute high was 11.0 percent in January 2010)
  • Metro Cleveland — 7.6 percent (absolute high was 8.9 percent in June 2009)

Seasonally adjusted unemployment rates, June 2017, as reported Friday

  • Michigan — 3.7 percent (down from 3.8 percent in June)
  • Metro Detroit — 3.3 percent (down from 3.8 percent in June, and that is NOT a misprint)
  • Ohio — 5.2 percent (up from 5.0 percent in June)
  • Metro Cleveland — 6.0 percent (up from 5.9 percent in June)

By comparison, the current unemployment rates in neighboring states are 3.1 percent in Indiana, 3.2 percent in Wisconsin, 5.0 percent in Pennsylvania (corrected on Aug. 22), and even 4.7 percent in Obama war-on-coal victim West Virginia.

Ohio is clearly a disappointing outlier. Its unemployment rate is almost a full point above the national average of 4.3 percent. Let this sink in — Metro Cleveland’s unemployment rate is not far from double that of Metro Detroit.

From all appearances, Ohio’s press could care less about how the state is falling behind.

Know-it-all economists are trying to claim that the nation is at full employment. How can that be when so many states are in the upper-4 percent and lower-5 percent range, while so many others are in the low-3s and STILL aren’t seeing major wage growth (there are finally some early signs, as noted a couple of weeks ago, but certainly not major)? Isn’t all of this really proof that a lot of genuinely unemployed people, as I’ve insisted for some time, are not being counted as such? (To be clear, that would affect the individual figures noted above; but there’s no reason to believe that would affect each state’s and metro area’s relative standing.)

Meanwhile, the national press is desperately trying to lionize John Kasich as the great anti-Trump hope.

Based on what?

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