14,000 Ohioans Gave Up Looking For Work Last Month
COLUMBUS- Today, Arizona State University’s non-partisan W.P. Carey School of Business released its monthly state job growth rankings, showing Ohio fell to nearly the bottom fourth of the entire nation in job creation.
In response, Ohio Democratic Party Chairman Chris Redfern released the following statement:
“Over the last two months, 25,000 frustrated unemployed Ohioans have given up hope finding a job in Ohio. Ohio’s economy was recovering nearly a full year before Kasich took office, but the economy has sputtered under his watch. With nearly three-quarters of the country growing jobs faster than Ohio, it’s clear that John Kasich’s policies aren’t working for middle class families.”
For the 18th straight month, Ohio’s job creation rate has been lower than the national average. In reaction to today’s jobs report, economic research analyst George Zeller noted, “This is the 18th consecutive month that Ohio’s job growth rate was below the national average.” [Source: Cleveland Plain Dealer (5/16/2014), “Ohio's unemployment rate down to 5.7% because of job gains, but also shrinking labor force.”]
Over the past two months, 25,000 unemployed Ohioans have given up looking for work. The April Jobs and Family Services Report showed 14,000 unemployed Ohioans gave up looking for work. The March JFS Report showed 11,000 Ohioans had given up looking for work. [Source: Ohio Department of Jobs and Family Services, April Jobs Report Press Release (5/16/2014)].
Economist says declining employment rate falling for the wrong reasons. Mekael Teshome, economist at PNC Bank said in reviewing March’s jobs report: “That drop [in the unemployment rate] wasn’t entirely for the right reasons. A declining labor force doesn’t have anything to do with a healing economy.” [Source: Youngstown Vindicator (4/23/2014), “Economists cast doubt on unemployment figures.”]