Thursday, May 19, 2022

What Is The Unemployment Rate In Ohio

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Insured Unemployment Rate In Ohio Download

Ohio’s unemployment rate decreased to 4.8 percent in November

Observation:

Data in this graph are copyrighted. Please review the copyright information in the series notes before sharing.

Units: Percent, Not Seasonally Adjusted

Frequency: Weekly, Ending Saturday

Notes:

The insured unemployment rate is Continued Claims divided by Covered Employment.

Suggested Citation:

U.S. Employment and Training Administration, Insured Unemployment Rate in Ohio , retrieved from FRED, Federal Reserve Bank of St. Louis https://fred.stlouisfed.org/series/OHINSUREDUR, March 1, 2022.

Civil War And Industrialization

Ohio’s central position and its population gave it an important place during the Civil War. The Ohio River was a vital artery for troop and supply movements, as were Ohio’s railroads. The industry of Ohio made the state one of the most important states in the Union during the Civil war. Ohio contributed more soldiers per capita than any other state in the Union. In 1862, the state’s morale was badly shaken in the aftermath of the Battle of Shiloh, a costly victory in which Ohio forces suffered 2,000 casualties. Later that year, when Confederate troops under the leadership of Stonewall Jackson threatened Washington, D.C., Ohio governor David Tod still could recruit 5,000 volunteers to provide three months of service. From July 13 to 26, 1863, towns along the Ohio River were attacked and ransacked in Morgan’s Raid, starting in Harrison in the west and culminating in the Battle of Salineville near West Point in the far east. While this raid was overall insignificant to the Confederacy, it aroused fear among people in Ohio and Indiana as it was the furthest advancement of troops from the South in the war. Almost 35,000 Ohioans died in the conflict, and 30,000 were physically wounded. By the end of the Civil War, the Union’s top three generals Ulysses S. Grant, William Tecumseh Sherman, and Philip Sheridan were all from Ohio.

State Reports Ohios Unemployment Rate Ticks Down Slightly In May

COLUMBUS: Officials say Ohios unemployment rate ticked down slightly in May, though its up from a year ago.

The Ohio Department of Job and Family Services said Friday that the jobless rate was 5.1 percent in May, down from Aprils 5.2 percent. But more Ohioans were unemployed last month compared to May 2015, when the unemployment rate was 4.9 percent. The number of unemployed rose by 18,000 in the past 12 months.

The number of workers unemployed in Ohio in May 2016 was 300,000, down 2,000 from April.

The U.S. unemployment rate for May was 4.7 percent, down from 5 percent in April and from 5.5 percent in May 2015.

Ohio sectors reporting job losses last month included manufacturing and construction, while educational and health services were among those reporting gains.

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Ohio’s Unemployment Rate Drops Below Pre

OHIO â Ohioâs unemployment rate was at its lowest in nearly two years in December 2021, according to new Ohio Department of Job and Family Services data.

What You Need To Know

  • Ohioâs unemployment rate dropped to 4.5% in December, the lowest since January 2020
  • Workforce participation increased to 61.5% in Ohio, which is the highest it has been since April 2021
  • There were gains in professional and business services, construction and trade, and transportation and utilities jobs
  • There was a decline in hospitality and leisure jobs in December, bucking 2021 trends in the industry

According to data released by the state on Friday, Ohioâs unemployment rate dropped to 4.5%, the lowest rate since January 2020, as 8,800 additional Ohioans became employed during December. The monthly figures showed a .3% improvement from the 4.8% unemployment rate of November 2021.

There was also a .2% increase in workforce participation in the state in December compared to November, bringing workforce participation to 61.5%, according to state figures.

Workforce participation has recovered somewhat after it dropped to 59.9% in April 2021, however still remains well below pre-pandemic levels. The workforce participation rate in March 2020 was 63.5%.

The December 2021 employment increase was largely spurred by a gain of 6,600 professional and business services jobs, 5,700 construction jobs and 2,600 trade, transportation and utilities jobs compared to November, the state said.

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How Is The Job Market In Ohio

Mercer County and Ohio Unemployment Rates Down for October ...

The Buckeye Institute: Ohios Job Market Continues to Slowly Strengthen. With Ohios unemployment rate holding steady at 5.4 percent and its labor force participation rate increasing to 61.1 percent , we see that employers have enough open positions that can be and are being filled by new workers

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Colonial And Revolutionary Eras

New FranceCanada Ohio CountryFrench and Indian WarTreaty of Paris Province of Quebec Indian Reserve American Revolutionary WarWestern theater of the American Revolutionary WarTreaty of Paris

During the 18th century, the French set up a system of trading posts to control the fur trade in the region. Beginning in 1754, France and Great Britain fought the French and Indian War. As a result of the Treaty of Paris, the French ceded control of Ohio and the remainder of the Old Northwest to Great Britain. In the Treaty of Paris in 1783, Britain ceded all claims to Ohio country to the United States.

Tracking Ohio’s Economy: Unemployment Rate Expected To Fall In 2021

CLEVELAND Thanks to stimulus checks, the vaccine rollout, and the easing of pandemic restrictions, experts say some parts of our economy continues to barrel forward at a record pace, while others still show signs of the pandemic slowdown.

On Monday, Lieutenant Governor Jon Husted touted the Ohio Tax credit Authority’s approval for tax credit assistance to aid Rocket Mortgage’s downtown Cleveland expansion plans.

“This is great news for the city of Cleveland,” he said. “Currently, they have 721 people employed in Cleveland and theyll be adding another 630.”

In a release, it details how Rocket Mortgage considered several cities for its expansion.

Bill Adams serves as the senior economist at PNC Financial Services Group.

“This pandemic has had the fastest recovery from the deepest downturn on record,” he said. “Weve come a long way compared to where we were a year ago.”

Adams told News 5 some industries, such as housing and manufacturing continue to excel, while others, such as tourism and energy, are slower to recover.

Those sectors are less important parts of the Cleveland economy than they are the national economy so thats helping Cleveland get through this economic downturn without more damage to its economy,” he explained.

According to the Bureau of Labor Statistics, the unemployment rate in northeast Ohio sits at 6.2%. Exactly one year ago, the unemployment rate was close to a record low at 3.5%.

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Unemployment Rates Fall In The Region Up Slightly Overall In Ohio

ONLY ON LIMAOHIO.COM

Check out our interactive database of unemployment rates at LimaOhio.com/unemployment.

LIMA Unemployment numbers around the region declined in July compared to a month earlier, according to statistics released Tuesday by the Ohio Department of Job and Family Services.

Allen Countys jobless rate dropped from 6.4% in June to 6.3% in July. It was 8.7% in July of 2020.

In Auglaize County, the rate went from 4.6% to 4.5%. It was 7.3% in July of 2020.

Hardin County had the regions highest unemployment rate, which dropped from 7% to 6.6%. It was 8.1% in July of 2020.

Hancock County went from 5.2% to 5%. It was 7% in July of 2020.

Logan County edged lower, going from 5.1% to 5%. It was 7.3% in July of 2020.

Mercer County had the areas lowest unemployment rate at 3.8%, compared to 3.9% in June. It was 5.7% in July of 2020.

Putnam County dropped from 4.1% to 4%. It was 5.2% in July of 2020.

Shelby County went from 5.3% to 5%. It was 7.8% in July of 2020.

Van Wert County went from 4.9% in June to 4.7% in July of this year. It was 6.7% in July of 2020.

In Ohio, the July 2021 unemployment rate was 5.4%. It was 5.2% in June.

Ohios nonagricultural wage and salary employment increased 19,200 over the month, from a revised 5,321,700 in June to 5,340,900 in July 2021.

Ohios Unemployment Rate Dips In October

Ohio’s unemployment rates continue to increase as companies look to fill jobs

A man walks past Marco’s Pizza, which was hiring, Friday, June 5, 2020, in Euclid, Ohio.

More Ohioans returned to work in October, and the states unemployment rate fell slightly as the holiday season is in full swing across the Buckeye State.

The states jobless rate fell to 5.1% in October from 5.3% in September, which matched the same rate of decline as the national unemployment figure, according to numbers released by the Ohio Department of Job and Family Services. The U.S. unemployment rate stood at 4.6% in October.

The new report is a positive sign, according to Rea Hederman Jr., executive director of the Economic Research Center at The Buckeye Institute, a Columbus-based policy group.

The holidays arrived a little early in Ohio with a strong October jobs report that saw the unemployment rate fall from 5.3 percent to 5.1 percent and saw more workers return to the labor force, Hederman said. The decline of two-tenths of a percent matched the national decline of 4.8 to 4.6 percent, signaling that in Ohio, and across the country, workers are finding new jobs and filling the record-high openings.

Private-sector employment in the state, however, remains nearly 200,000 jobs below pre-pandemic levels.

As more people work from home, local leaders must look for new ways fund city budgets, and state policymakers need to move swiftly to restore Ohios leadership in technology and innovation to make Ohio a more attractive place to live and work.

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Ohio Added Nearly 9000 Jobs In December Unemployment Rate Fell To 45%

Ohio’s labor market ended 2021 on a high note.

The Ohio Department of Job and Family Services on Friday, Jan. 21, reported that the state’s unemployment rate fell to 4.5% in December from 4.8% in November.

Nonagricultural wage and salary employment in the state increased 8,800 over the month, to 5,405,400 in December from November’s revised figure of 5,396,600.

ODJFS said the number of workers unemployed in Ohio in December was 256,000, down from 275,000 in November. The number of unemployed has decreased by 65,000 in the past 12 months, from 321,000 in December 2020, when the state’s unemployment rate was 5.6%.

The unemployment rate in Ohio remains above the national rate, which was 3.9% in December, down from 4.2% in November and from 6.7% in December 2020.

Ohio’s labor-force participation rate rose to 61.5% in December from 61.3% in November. The national labor-force participation rate in both months was slightly higher 61.9%.

Here’s a breakdown by sector of the ODJFS data on job additions in December:

Employment in goods-producing industries, at 907,800, increased 5,000 over the month. Gains in construction exceeded losses in manufacturing and mining/logging .

The private service-providing sector, at 3,744,000, increased 6,600. ODJFS said gains in professional and business services trade, transportation and utilities other services and educational and health services surpassed losses in financial activities leisure and hospitality and information .

Reliability Of The Estimates

  • The estimates presented in this release are based on sample surveys, administrative data, and modeling and, thus, are subject to sampling and other types of errors. Estimates not directly derived from sample surveys are subject to additional errors resulting from the specific estimation processes used.
  • The sums of individual items may not always equal the totals shown in the same tables because of rounding.
  • Unemployment rates are computed from unrounded data and thus may differ slightly from rates computed using the rounded data displayed in the tables.
  • Model-based error measures from the CPS for seasonally adjusted and not seasonally adjusted data and for over-the-month and over-the-year changes are available online at: technical note

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Ohio Unemployment Numbers Drop

The most recent unemployment numbers reported by the State of Ohio.

State of Ohio

COLUMBUS, Ohio Ohioans filed 9,222 initial traditional unemployment claims last week which was 913 fewer than the previous week and 49,320 continued traditional unemployment claims, which was 58,780 fewer than the previous week.

The total number of traditional claims filed Sept. 26-Oct. 2 was 58,542.

Ohios unemployment rate in August was 5.4 % the national unemployment rate in August was 5.2%.

Ohios labor force participation rate in August was 60.8%. The national labor force participation rate in August was 61.7%.

What Is Labor Market Information

County, Ohio unemployment rises in Dec. « The VW independent

Labor force population. The labor force population or labor force participation refers to the number of individuals who are available to work in a labor market.

  • Applicant population. The second component is the applicant population which refers to the people who are applying for a particular job that suits their expertise and skills.
  • Applicant pool.
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    Ohio Labor Force Statistics

    Labor Force Participation

    The labor force participation rate in Ohio rose to 61.5 percent in December from 61.3 percent in the prior month. At a labor force participation rate of 61.5 percent, Ohio is tied for 28th in the nation. The labor force participation rate in Ohio fell by 0.7 percentage point from a year earlier. The labor force participation rate is the percentage of the civilian noninstitutionalized population age 16 and older who are employed or actively looking for work.

    The 10-year high for the labor force participation rate in Ohio was 63.7 percent last occurring in February 2020. The series high for the labor force participation rate in Ohio last occurred in May 2007 when the labor force participation rate hit 67.7 percent. The 10-year low for the labor force participation rate was 59.8 percent in April 2020. This also represents the series low for the labor force participation rate in Ohio.

    The national labor force participation rate remained steady at 61.9 percent in December. That rate rose by 0.4 percentage point from a year earlier. The all-time high for the national labor force participation rate was 67.3 percent in April 2000. The 10-year high for the national labor force participation rate was 63.8 percent in October 2012. The recent 10-year low occurred in April 2020 at a level of 60.2 percent. The series low for the national labor force participation rate was 58.1 percent in December 1954.

    Employment-to-Population Ratio

    Current Unemployment Rates For States And Historical Highs/lows

    Current Unemployment Rates for States and Historical Highs/Lows, SeasonallyAdjusted

    State

    Preliminary

    Note: Rates shown are a percentage of the labor force. Data refer to place of residence. Seriesbegin in January 1976. Historical highs and lows show the most recent month that a rate wasrecorded in the event of multiple occurrences. Estimates for at least the latest five years aresubject to revision early in the following calendar year. Estimates for the current month aresubject to revision the following month.

    December 17, 2021

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    Ohio Unemployment Rate Drops Still Above 2019 Figure

    COLUMBUS, Ohio Ohios unemployment rate fell in October from the previous month but remains above levels from the same time a year ago before the coronavirus pandemic, the state said Friday.

    The number of workers unemployed in Ohio in October was 324,000, down from 469,000 in September, according to the Ohio Department of Job and Family Services.

    The agency said Ohios unemployment rate for October was 5.6%. Thats down from 8.3% in September, but still higher than October of 2019, when the unemployment rate was 4.1%.

    The economy continues to show signs of weakness. On Thursday the state said initial unemployment compensation filings for the week ending Nov. 14 were 14% higher than the previous week. Ohios economy is largely open, although a 10 p.m. to 5 a.m. curfew that went into effect Thursday restricts some businesses from staying open late.

    A number of Ohios major cities are currently under stay-at-home advisories including Akron, Cleveland, Dayton, Columbus, and Toledo.

    Mentor Unemployment At 27% In December 2021

    Ohio’s unemployment rate remains at 5.4%

    The unemployment rate for the City of Mentor increased 0.1% to 2.7% for the month of December 2021. One year ago, the unemployment rate was 5.8%. In Lake County, the unemployment rate increased 0.1% as well to 2.9% for the month of December one year ago, it was 5.8%.

    Among cities in Ohio with a population of 50,000 or more, the City of Mentors 2.7% unemployment rate is the lowest and Kettering has the second lowest rate at 2.8%. Columbus is third with 3.0%, followed by Lakewood with 3.1%. The Citys civilian labor force decreased to 25,600.

    The State of Ohios unemployment rate remained the same at 3.4% for the month of December 2021.

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    Ohio Unemployment Rate Decreased To 45% In December

    COLUMBUS, Ohio The unemployment rate in Ohio improved to 4.5% in December, down from 4.8% in November.

    Nonagricultural wage and salary employment in the Buckeye State increased 8,800 over the month to 5,405,400 from a revised 5,396,600 in November, according to the Ohio Department of Job and Family Services.

    Ohio had 256,000 unemployed workers in December, down from 275,000 in November and from 321,000 in December 2020 when the unemployment rate was 5.6%. Nationally, the unemployment rate stood at 3.9% in December 2021, down from 4.2% in November and from 6.7% in December 2020.

    Last month, the labor participation rate in Ohio was 61.5%, up from 61.3% in November and down from 62.2% in December 2020. That compares to the national labor force rate of 61.9% in December, which was unchanged from November and up from 61.5% in December 2020.

    Nonagricultural wage and salary employment increased 8,800 to 5,405,400 in December from a revised 5,396,600 in November, according to the latest business establishment survey conducted by the Bureau of Labor Statistics and ODJFS.

    County, city and metro area data will be released on Jan. 25.

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