Preparing for growth
While a strong job market might sound like a good problem to have, Ohio faces a challenge.
According to a report by the Dayton Daily News, the state has twice as many job openings as unemployed people.
“Ohio’s job market is robust, particularly for job-seekers,” Bill Teets, director of communications with the Ohio Department of Job and Family Services, told the Daily News. “Unemployment claims remain low and the number of job openings remain high.”
For many public officials and employers, that means the focus must shift to recruitment and retention. Michael Shields, senior researcher with Policy Matters Ohio, said wages have not increased as much as they should have, and these are good labor market conditions for workers to seek higher pay. But at a certain point, there simply aren’t enough qualified, capable workers to do the jobs.
Filling the need for employers will require shifts in educational and training strategies, but also a look at whether communities are providing what new families would need. Culture and quality of life matter, of course, but so does affordable housing. Though it might feel like putting the cart before the horse, being prepared with enough housing to meet the demand as we grow is essential.
Keeping pace with the Buckeye State’s economic growing pains, rather than letting them overwhelm us, will be difficult and multi-faceted. But Ohio is up to the challenge.