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Friday, January 20, 2012

Ohio's Unemployment Rate Drops; Cue (Tentative) Tears of Joy

Posted By on Fri, Jan 20, 2012 at 10:25 AM

Wow . . . are things . . . maybe . . . getting better out there?

Now, we're not exactly leaving work early and filling our inflatable kiddie pool with Cristal, but it looks like the state of Ohio might be . . . damn, we almost don't want to say it out loud, jinks the whole thing. Alright, here we go: the state's unemployment number has dropped again — continuing an arguably dramatic, good news slide.

According to the rundown released by the state this morning, in December the unemployment rate fell to 8.1 percent, down from 8.5 in November, which was down from 9 even in October.

The November-December slip was the largest one-month drop in 30 years, and the latest statistics suggest a continuation of that trend. The nitty-gritty details show that Ohio's workless workers dropped from 496,000 to 469,000. In total, employers have added around 72,400 jobs since last year.

The latest figure puts us below the national unemployed number, 8.5 percent.

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