The October 2013 Ohio By the Numbers report (now available on the Buckeye Institute website) shows 8,700 private sector jobs gained. However, the unemployment rate ticked up to 7.5 percent while the labor force declined by slightly over 6,000.
Ohio’s unemployment rate now exceeds the national average of 7.3 percent. Ohio’s labor force has actually decreased by around 1,400 since the beginning of 2013. This is on top of 32 consecutive months (between March 2010 and December 2012) of decreases–resulting in a total reduction to Ohio’s labor force of 158,000 over that time period. Overall, the labor force in Ohio has shrunk by over 240,000 from its peak of 5.97 million people in December 2006. Click here for an overview of Ohio’s labor force since 1990.
Overall highlights from the report:
- Ohio gained 8,700 private sector jobs in October, but lost 6,300 government jobs;
- Ohio ranks 26th nationally in terms of private sector job growth since January 2010, growing at a 5.8 percent rate;
- Ohio currently ranks 47th nationally for private sector job growth since January of 1990, growing at 8.2 percent (top ranked Utah grew 92.1 percent over the same time span).
Within individual industry sectors, Professional and Business Services, Education and Health Services, and Leisure and Hospitality continue to have more people employed today than in either 1990 or 2000. Meanwhile, Mining and Logging, Construction, Manufacturing, and Information sectors have fewer jobs today than in 1990 or 2000.
The report shows that Forced Union states (which includes Ohio and many of its neighbors–with the exceptions of Indiana, which became a Worker Freedom state in February of 2012, and Michigan, whose recent Worker Freedom law became effective at the end of March 2013) had a private sector growth rate far below Worker Freedom states.
Between 1990 and January of 2012, Worker Freedom states’ private sector jobs grew at a 38 percent rate vs. only 13 percent for Forced Union states (11.8 million vs. 8 million). Since Indiana became a Worker Freedom state in February 2012, Worker Freedom states’ private sector jobs grew at a rate of 3.6 percent vs. 2.4 percent for Forced Union states.
For the full report, please click here.
Ohio By the Numbers compares Ohio to other states in overall private sector job growth over several distinct time spans. The periods analyzed are from 1990 until the present day, from peak employment in 2000 through the present day, and from the beginning of the current decade to the present day.