CLEVELAND, Ohio — Ohio’s unemployment rate was 4.2% for October, with the state losing 1,000 jobs, the Ohio Department of Job and Family services reported Friday.
The jobless rate remained unchanged from September. In October 2018 it was 4.6%.
Revisions released Friday show Ohio gaining 400 jobs in September, instead of losing 1,500 as the state reported last month, said George Zeller of Cleveland, an economic research analyst. Revisions are customary as more data becomes available. Job figures for September and October reflect the United Auto Workers strike against General Motors.
“The trade war with China and the GM strike were among the factors dragging down Ohio’s job growth rate,” said Hannah Halbert, project director with Policy Matters Ohio. “The strike ended and a trade deal with China looks a little more likely at the moment, but Ohio’s job weakness extends beyond manufacturing. Ohio policymakers should be working to insulate the state against the next national recession.”
The unemployment rate can remain unchanged as employment decreases because the unemployment rate and the number of jobs gained or lost are based on separate measures. The number of jobs is based on a survey of businesses in Ohio. The unemployment rate is based on the Current Population Survey, a monthly survey of U.S. households, which includes those in Ohio. In order to be counted as unemployed, a person must be both jobless and actively looking for work.
Industries losing jobs included manufacturing, where employment decreased 2,300 and the category of other service jobs also decreased by 2,300. Trade, transportation and utilities employment was down by 1,700 jobs, professional and business services also lost 1,700 jobs and construction employment decreased 1,000.
“Construction and manufacturing are generally high-wage employment –– and they tend not to require advanced degree,” Zeller said, expressing concern about job loss in those industries.
Sectors gaining jobs included government employment, which was up by a net of 3,000 jobs. This represented a 3,100 gain in local government jobs, a 700 increase in state government employment and an 800 loss in federal jobs. Leisure and hospitality increased by 2,400 jobs, educational and health services employment was up by 2,300 and jobs in media and other information industries increased by 200.
"October’s jobs report signals concern for Ohio’s job market -- even though the unemployment rate remained unchanged at 4.2 percent,” wrote Andrew J. Kidd, an economist with the conservative Buckeye Institute, in a news release. “The household survey shows fewer people employed and more people searching for, but not finding jobs. Combined with a 4,000-net private sector job loss reported in the establishment (business) survey, job growth in Ohio continues to slow with only 3,600 new jobs being added in 2019.
"With recent reports that Ohio’s economy could fall into a recession by the spring of 2020, it will be important to watch job creation over the next several months to determine if October’s job losses are a blip or the start of a decline,” he wrote.
Zeller said Ohio’s job growth rate between October 2018 and October 2019 was 0.64%. The nation’s job growth rate was 1.16% for the same period. He said it was the 90th consecutive month in which Ohio’s performance trailed that of the nation.
“Ohio’s job growth continues to be continuously below the USA national average while the Ohio unemployment rate continues to be above the national average,” Zeller said.
The U.S. unemployment rate was 3.6% for October, with the nation gaining 128,000 jobs, the Labor Department reported Nov. 1.
The nation’s jobs report contains more detailed data than that of Ohio and most states. Here are some highlights from October’s U.S. jobs report:
- Unemployment by race — Asian workers had the lowest jobless rate at 2.9%, followed by white workers at 3.2%. The Hispanic unemployment rate was 4.1%, followed by the black unemployment rate at 5.4%.
- Unemployment by gender — The unemployment rates for both men and women were 3.2%.
- Involuntary part-time workers — About 4.4 million part-time workers wanted full-time work in October, down from about 4.6 million a year earlier.
The number of unemployed workers in Ohio in October was 246,000, up 3,000 from September. The number of unemployed has decreased by 19,000 since October 2018.
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November 15, 2019 at 09:55PM
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Ohio unemployment rate was 4.2% in October, state lost 1,000 jobs - cleveland.com
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