Posted on Sep 19, 2023
Ohio's unemployment rate is the lowest it's been since 1976. Yet, pay growth remains stagnant
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Ohio has been breaking records in the post-pandemic economy since April, when the state's now historic unemployment rate dropped to 3.7% for the first time since 1976 — when the U.S. Bureau of Labor Statistics first started tracking unemployment. And yet, wages struggle to keep pace with the rising cost of inflation.
The state saw a slight increase in unemployment — from 3.3% in July to 3.4% in August, adding 3,500 jobs, according to a report from the Ohio Department of Job and Family Services.
On Cincinnati Edition, we'll learn more about how Ohio's economy is recovering post the state's pandemic job losses, what this means for Ohio workers, and how policy makers can continue to support a growing labor market.
The state saw a slight increase in unemployment — from 3.3% in July to 3.4% in August, adding 3,500 jobs, according to a report from the Ohio Department of Job and Family Services.
On Cincinnati Edition, we'll learn more about how Ohio's economy is recovering post the state's pandemic job losses, what this means for Ohio workers, and how policy makers can continue to support a growing labor market.
Ohio's unemployment rate is the lowest it's been since 1976. Yet, pay growth remains stagnant
Posted from wvxu.org
Jobs
Employment
Economics
Posted 8 mo ago
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PO1 William "Chip" Nagel
"Ohio's unemployment rate was 3.3% in July 2023, down from 3.4% in June 2023. Ohio’s nonagricultural wage and salary employment increased 12,100 over the month, from a revised 5,627,100 in June to 5,639,200 in July. This marks the lowest unemployment rate since 1976 when the series for reporting unemployment started."
"Ohio's unemployment rate was 3.3% in July 2023, down from 3.4% in June 2023. Ohio’s nonagricultural wage and salary employment increased 12,100 over the month, from a revised 5,627,100 in June to 5,639,200 in July. This marks the lowest unemployment rate since 1976 when the series for reporting unemployment started."
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