OHIO Unemployment Rate Drops
OHIO Unemployment Rate Drops - Ohio’sunemployment rate finished the year with its ninth consecutive decline in December as a drop in payroll was outpaced by a superior fall in job-seekers.
The state Department of Job & Family Services said Friday that Ohio’s jobless rate hit a seasonally adjusted 9.6 percent in December. That is down from 9.8% in November & more than a % point below the 10.8% jobless rate seen a year ago.
Over the month, nonfarm payroll dropped by more than 9,000 jobs to hit 5 million workers. That’s largely on a 7,300-job decline in Ohio’s goods-producing sector, which saw declines in construction & manufacturing. The much-larger service sector only lost 1,300 jobs over the month.
The ranks of those unemployed & actively seeking work, meanwhile, fell by 13,000 to hit 567,000, marking the lowest number of unemployed Ohioans in nearly two years.
County & city-level unemployment data are set to be released Tuesday. January statistics will be released March 4.
