More mixed signals for Ohio’s job market in April
Posted May 18, 2012 in Press ReleasesFor immediate release
Contact: Hannah Halbert, 614 221.4505
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Data from two separate surveys released by the Ohio Department of Job and Family Services (ODJFS) today continue to portray a mixed picture of Ohio’s economy. The state’s unemployment rate continued to fall in April, landing at 7.4 percent according to seasonally adjusted data released from ODJFS’s survey of households for March 2012.
However, a separate survey of employers also released today by ODJFS showed that Ohio lost jobs in March (5,200) and April (3,400). The surge in job gains earlier in the year appears to have come to an end. Month-to-month data is highly subject to revision, though, and it is ill advised to make too much of month-to-month comparisons, particularly when the surveys express mixed and contradictory messages.
“Though the short-term picture remains cloudy, Ohio jobs will need to grow much faster to recover from the losses of the last two recessions,” said Hannah Halbert, policy liaison with Policy Matters Ohio.
Since April 2011, the state job total has only grown by only 47,200, or 0.9 percent. At that rate, it will take nearly six years to generate the additional 282,500 jobs needed to return Ohio to pre-2007 recession levels of employment. Over the past 12 months, Ohio’s relative job growth has trailed the United States as a whole. The nation gained more than 1.8 million jobs, or 1.4 percent, over that time.