On the heels of the recent national unemployment report, the state of Ohio last week released similar numbers showing a significant dip in the state’s jobless rate.
Ohio’s November jobs report showed the state’s unemployment rate dropping from 9 percent to 8.5 percent. This reflects a decrease in the number of unemployed Ohioans of around 30,000 people in just one month.
It was the largest one-month drop in almost three decades and the lowest rate for Ohio in three years, Gov. John Kasich noted.
The state’s unemployment rate is now lower than the national average. The nation’s jobless rate dropped to 8.6 percent in November.
Employers in Ohio have added more than 45,000 jobs so far this year, but many Ohioans remain out of work, the governor stressed. U.S. Sen. Rob Portman (R-Ohio) said the state’s November jobs report proves we are moving in the right direction, but still shows clearly that the unemployment rate is “way too high.”
Portman used the report to promote his Jobs Through Growth Act, which includes measures to implement more restraint in spending to address “record debt and deficit that are dragging down the economy.” Portman calls for sensible regulatory reform that makes America more competitive, export promotion to help open new markets for job creators and aggressive domestic energy production that makes us less dependent on foreign oil and creates jobs in the United States.
The last time the Ohio’s unemployment rate dropped by .5 percent or more was from June to July 1983, when the rate decreased from 13.1 to 11.4.
Of course, skeptics of the nation’s November unemployment drop noted that the figures are somewhat skewed. Last month, more than 300,000 Americans reportedly gave up their search for employment and were not counted among those seeking employment, resulting in the large drop in the jobless rate despite the fact that nearly an additional third of a million people in the nation should still be counted as “unemployed.”
The bottom line still falls on job creation, and with the gas and oil boom poised to explode in Ohio in 2012, the state appears to be heading into the new year with great promise.