Ohio Employment Statistics Update

 
New unemployment numbers for July show Wyandot County has the 4th lowest rate in Ohio at 3.6% unemployment.
 
And here is some additional information provided to us by Gov. Kasich’s office: Ohio Economic Dashboard
 
JOB CREATION IS UP
Ohioans have created 330,700 new private sector jobs since Gov. Kasich came into office in January 2011. Ohio continues to be one of the top ten job creating states in the nation. Currently, there are 4.6 million Ohioans with a private sector job.
Source: U.S. Bureau of Labor Statistics
UNEMPLOYMENT CONTINUES TO IMPROVE.
Since January 2011, Ohio’s unemployment rate has improved from 9.1% to 5.0% today. This is the lowest Ohio’s unemployment rate has been since 2001. Under Gov. Kasich, this is the 45th month Ohio’s unemployment rate has been better than the nation’s. For comparison, this only happened twice under the previous administration.
Source: U.S. Bureau of Labor Statistics; Ohio Jobs & Family Services
INCOMES ARE UP:
Since January 2011, Ohio incomes are growing faster than the national rate.
Average weekly wage growth from January 2011 to July 2015:
Ohio: +10.2%
US: +8.1%
Average hourly wage growth from January 2011 to July 2015:
Ohio: +7.9%
US: +7.1%
Source: U.S. Bureau of Labor Statistics
Median Household Income, Growth from 2012 to 2013
Ohio: +1.3%
US: +0.6%
Source: U.S. Census, American Community Survey
 
JOB RETENTION IS UP.
More Ohioans are staying on the job – First-time jobless numbers in 2014 reflected the 2nd fewest first-time jobless claims on record going back to 1987. To date in 2015, first-time jobless claims are running below last year’s pace by 7.0%, putting Ohio on track to reach an all-time low for first-time jobless claims. Additionally, first-time jobless claims in July were nearly half of what they were in the same month back in 2010.
Source: Ohio Department of Jobs & Family Services
NEW BUSINESSES ARE BEING CREATED.
In 2014, 93,775 businesses entities were created in Ohio, the most in state history and surpassing the old record set in 2013. So far in 2015, Ohioans have created 59,862 new businesses – a pace that puts Ohio ahead of where we were last year.
Source: Ohio Secretary of State
POVERTY IS DOWN.
New data from the U.S. Census shows Ohio’s poverty rate decreased from 16.3% to 16.0%. This is the second straight year poverty has gone down in Ohio – the first time that’s happened since 2007. Ohio’s poverty rate decreased three times faster than the national rate.
United States Poverty Rate, 2012-2013: 15.9%% to 15.8%
Ohio Poverty Rate, 2012-2013: 16.3% to 16.0%
Source: U.S. Census, American Community Survey
 
Wyandot County Office of Economic Development
Wyandot County Regional Planning Commission
Wyandot County Courthouse | 109 S Sandusky Ave., Room 16, Upper Sandusky, OH 43351
419-294-6404 Office  |  www.wyandotcountyeconomicdevelopment.com