Online Labor Demand Down 217,000 in July, The Conference Board Reports
Following a strong 1st quarter (+763,000) US labor demand stalled with losses of 292,000 since March North Carolina, Minnesota, Ohio, and Washington continue their upward trend, while many of the large States saw a flattening or downturn in demand beginning in the 2nd quarter. Continue reading
The Conference Board Employment Trends Index™ (ETI) aggregates eight labor-market indicators and although it does not get the same media attention that the Labor Department’s often misleading figures receives, in my opinion remains the most solid gauge for employment trends. The Index increased in January for the fourth consecutive month and now stands at 100.5, up from December’s revised figure of 100.3. The index is up 7 percent from a year ago.
Although the employment rate in Ohio was little changed, Ohioans got a psychological the rate fell nominally out of double digits for the first time since March of 2009. Ohio’s unemployment rate was 9.9 percent in October, down slightly from 10.0 percent in September, according to data released by the Ohio Department of Job and Family Services (ODJFS). Ohio’s nonfarm wage and salary employment increased 8,400 over the month, from the revised 5,014,500 in September to 5,022,900 in October.
Job loss continues to plague the Mahoning Valley even as the unemploment rate drops.
Local Area Unemployment Statistics (LAUS), a federal-state program that gathers data on labor force, employment and unemployment at the state and sub-state levels, reported today that the Columbiana, Mahoning, and Trumbull Counties in the Mahoning Valley all saw drops in unemployment rate. The combined Mahoning Valley rate fell to 10.9 percent from 11.2 percent and was the sixth straight monthly drop in the rate since March’s high of 14.5 percent.
Unemployment rate falls 0.1% but total payrolls in Ohio register another loss of 17,300 jobs.
Ohio's nonfarm wage and salary employment decreased another 17,300 over the month
Ohio’s unemployment rate was 10.0 percent in September, down from 10.1 percent in August, according to data released this morning by the Ohio Department of Job and Family Services (ODJFS).
Industrial employment in Ohio fell 12% over the past twenty-four months according to the 2011 Ohio Manufacturers Directory®, an industrial directory published annually by Manufacturers’ News, Inc. (MNI). MNI reports Ohio lost 119,801 manufacturing jobs over the past two years, with 89,501 jobs lost between August 2008 and August 2009 and 30,300 industrial jobs lost between August 2009 and August of this year. Over the same period, Ohio lost 1,077 manufacturers.
Ohio is one of only two Midwest states that rank among the top ten in the 2010 Inc. 5000 list, sharing the spotlight with Illinois. Why then, since 2000, has Ohio lost over 588K private sector jobs - second only to Michigan?
The Ohio Business Development Coalition says the climate needed for business success is improving in Ohio; and as proof, points to the number of Ohio companies that appear on the 2010 Inc. 5000 list compiled by Inc. magazine. This year Ohio ranks among the annual list’s top ten states in the nation with 186 of the fastest-growing, private companies in America. The Coalition credits this recent success to Ohio’s purposeful redesign of its business climate, making the state an ideal location for businesses to compete in a 21st century global economy.
The number of unemployed persons, at 14.8 million, was essentially unchanged in September, and the unemployment rate held at 9.6 percent.
Nonfarm payroll employment fell (-95,000) in September, and the unemployment rate was unchanged at 9.6 percent, the U.S. Bureau of Labor Statistics reported today. Private-sector payroll employment continued to trend up modestly (+64,000). The number of unemployed persons, at 14.8 million, was essentially unchanged.
Ohio’s unemployment rate was 10.1 percent in August, down slightly from 10.3 percent in July, according to data released this morning by the Ohio Department of Job and Family Services (ODJFS). Ohio’s nonfarm wage and salary employment decreased 15,400 over the month, from the revised 5,046,600 in July to 5,031,200 in August.
Warning!
With the unemployment rate in the Mahoning Valley hovering around 12 percent, the Better Business Bureau warns that the Valley has become a prime target area for scammers taking advantage of the situation by preying on the unemployed. Identifying the common red flags of a scam is one way for job hunters to protect themselves and their wallet.
National jobless rate ticks up to 9.6%54,000 jobs were dropped from the Nonfarm payroll in August, and the national unemployment rate clicked up to 9.6 percent, the U.S. Bureau of Labor Statistics reported today.
Here’s how we stack up in Ohio and the Mahoning Valley: