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Saturday, October 25th, 2014
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Saturday, 19 July 2014 08:22

State unemployment stalled in June after steady declines

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5.5 percent rate still the state's lowest since February 2008

COLUMBUS, Ohio -- After falling steadily for several months, Ohio's unemployment rate remained steady in June.

The Ohio Department of Jobs and Family Services reported Friday morning that the state unemployment rate was 5.5 percent last month, unchanged from May 2014. Approximately 316,000 Ohio workers were unemployed in June, down 1,000 from May.

The educational and health services (+4,700), state government (+4,400) and manufacturing (+3,700) sectors saw the greatest number of gains last month, while local government (-7,500) saw the greatest losses.

The number of unemployed has decreased by 114,000 in the past 12 months. Despite stagnating last month, it remains the state's lowest jobless rate since February 2008.

Ohio's rate remains below the national rate, which was 6.1 percent in June, down from 6.3 percent in May.

From ODJFS:
Ohio's nonagricultural wage and salary employment increased 12,700 over the month, from a revised 5,292,700 in May to 5,305,400 in June, according to the latest business establishment survey conducted by the U.S. Department of Labor (Bureau of Labor Statistics) in cooperation with ODJFS.

Employment in goods-producing industries, at 876,900, increased 3,200 from May. Gains in manufacturing (+3,700) and mining and logging (+200) surpassed a loss in construction (-700). The private service-providing sector, at 3,676,900, increased 12,500. Job gains were seen in professional and business services (+5,000), educational and health services (+4,700), trade, transportation, and utilities (+3,300), and leisure and hospitality (+1,800). Employment declines occurred in other services (-1,900), financial activities (-300), and information (-100). Government employment, at 751,600, lost 3,000 jobs as employment declines in local government (-7,500) offset employment gains in state (+4,400) and federal (+100) government.

From June 2013 to June 2014, nonagricultural wage and salary employment grew 50,200. Goods-producing industries added 17,100 jobs. Manufacturing gained 15,600 jobs in durable goods (+13,200) and non-durable goods (+2,400). Mining and logging employment increased 800 and construction added 700 jobs. The private service-providing sector increased 35,800. The most significant gain occurred in professional and business services (+20,700). Also showing improvement were trade, transportation, and utilities (+7,300), educational and health services (+5,800), leisure and hospitality (+4,500), and other services (+3,700). Over-the-year declines occurred in financial activities (-5,300) and information (-900). Government employment decreased 2,700. Losses in local (-5,900) and federal (-500) government exceeded a gain in state government (+3,700).

Last modified on Saturday, 19 July 2014 08:22
Z. Daniel Barnett

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