Jobs are being created all over the state, including in some parts of Ohio, and it is a good thing, said John O’Neill, the Ohio Bureau of Labor Statistics’ director of payroll data.
“I would say that is a sign of good news, not necessarily bad news,” O’Neil said.
“It would have been worse to see unemployment rates in the region go as low as they are.”
O’Neill said the unemployment rate has been below 5% in the state for several weeks, but it is still well above the national rate.
The state’s unemployment rate was 5.4% in October, the lowest rate in the nation.
“We’ve been here for five years and we’ve had the longest stretch of long-term unemployment, which is quite unusual,” Ollenson said.
“What we’re seeing is a recovery in the job market, which I think is the most important thing that we need to see in the economy right now.”
The state has had its worst jobless rate since the Great Recession.
The jobless average in the Buckeye State was 6.2% in December, down from 7.3% in November.
That’s a significant drop, but unemployment in Ohio is still the third-highest in the country behind the District of Columbia and California.
According to the Bureau of Labour Statistics, Ohio’s unemployment rates peaked at 6.9% in 2008.
O’Neil says that is because many Ohioans were forced to take a two-year layoff from a job that had just opened up.
“They had been out of work for two years, and they were basically going to the bank and saying ‘I don’t know if I can find a job’ and they could not find a work,” OLLEN said.
So they’re having a layoff, and the economy is starting to pick up.
We’re starting to see the job numbers bounce back.
It’s been a good recovery, and we’re very fortunate to have had that in Ohio.
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