Economist Recommends Ohio Use Federal Stimulus to Bolster Unemployment Insurance Trust Fund

Following Ohio’s shocking unemployment rate increase of 2,565 percent, one economist says the COVID-19 coronavirus’ economic impact will be “long lasting” and provides a list of recommendations.

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DeWine May Cut State Budgets by Up to 20 Percent, But Public Sector Cannot Match Loss of Private Sector’s 188K Lost Jobs

Even as Ohio Gov. Mike DeWine orders state departments to cut up to 20 percent of their budgets and implement a hiring freeze, state workers are not feeling the coronavirus economic burn like the private sector.

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Ohio Hit Harder with Unemployment Than Other States

Ohio was hit harder with unemployment filings than other states during the immediate aftermath of the coronavirus.

The U.S. Department of Labor reported Thursday that 3.28 million claims were filed in the week that ended March 21. That marked an increase of more than 3 million claims over the week prior, when 282,000 claims were filed, The Ohio Star reported.

Ohio’s claims totaled 187,784, the Cincinnati Enquirer said, up from 7,046 the previous week.

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Commentary: Senate Paves Road to Reopening the Economy with Coronavirus Relief Bill, But When Will States Reopen Schools?

By a vote of 96-0, the U.S. Senate has passed a $2.2 trillion legislative package, by far the largest in U.S. history, to keep tens of millions of Americans on payroll and expand unemployment benefits to those who are laid off while the country waits out the deadly Chinese coronavirus that poses additional risk to seniors and those with underlying conditions.

That way, when the virus passes, those businesses, particularly the 30 million small businesses that are struggling most of all right now, but also critical industries, will be able to rapidly reopen and we can get back to our lives.

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3.3 Million File Unemployment Claims in U.S. – a Record Number

Nearly 3.3 million Americans filed unemployment claims last week, a record number as businesses were forced to shut down to help slow the spread of the novel coronavirus.

The U.S. Department of Labor reported Thursday that 3.28 million claims were filed in the week that ended March 21. That marked an increase of more than 3 million claims over the week prior, when 282,000 claims were filed.

The previous high in a single week, according to the department, was in October 1982, when about 695,000 claims were filed. The nearly 3.3 million claims filed last week is nearly five times the prior record.

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2019 Was the Slowest Year for New Jobs in Ohio in a Decade, Economist Says

An economic expert says Ohio’s latest unemployment data show 2019 was the slowest year for new jobs in a decade — and the state lagged behind the nation in creating new jobs.

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‘Trump Victory’ Team Enthusiastic About Political Landscape and Ground Game in Ohio and Nationwide

The Trump campaign shared its enthusiasm for the direction and momentum of the president’s re-election efforts during a Tuesday briefing call with meida. Discussions with a Senior Trump Campaign official covered political efforts nationwide but also in specific states, including Ohio.

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National Unemployment Steady, Ohio Unemployment Ticks Up: Experts Weigh in on Ohio’s Economy

  Nationally the unemployment figures remained steady at 3.7%, but Ohio’s figure edged up a tenth of percent to 4.1. Several economic analysts have weighed in over the last few days to discuss the overall state of Ohio’s economy compared with the nation’s. Opportunity Ohio found, “Latest @BLS_gov job figures…

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Commentary: The August Jobs Report Is Not ‘Mixed’ It’s Yuuge

The anti-Trump talking-down-the-economy crowd has America already in a recession, with POLITICO’s Morning Money leading its Thursday morning news with, “…manufacturing in recession and capital expenditures dropping, the strong consumer is the final leg holding up the U.S. economy. But the length of the workweek dipped in July, often a leading signal that employers are cutting back. A sharp slowdown in job creation could follow.”

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Ohio Strong Action Kicks Off 2020 Campaign in Delaware County

Ohio Strong Action kicked off their 2020 campaign this weekend in the city of Delaware. The PAC’s Chair, Mike Gibbons, said, “I am excited for our door to door kickoff. Educating Ohioans on the positive accomplishments Trump has enacted is our main objective. We have a President who is keeping his word and has the guts to fight for the American citizens.”

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Ohio Sees Record New Business Filings, Lowest Unemployment Rate in 18 Years

  Ohio Secretary of State Frank LaRose announced Friday that the first five months of 2019 marked the strongest start to a year for new business filings in state history. In May alone, 11,099 new entities filed to do business in Ohio. LaRose’s office revealed that 60,000 new businesses filed…

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Unemployment Claims Hit 50-Year Low

by Henry Rodgers   The total number of workers claiming unemployment insurance fell to the lowest level in 50 years, the Department of Labor reported Thursday. The number of applications claiming unemployment insurance benefits dropped by 10,000, bringing the number of applicants to 202,000, the lowest recorded number since Dec.…

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Economist Cautions Against ‘Spending Increases’ After Ohio Jobs Report Shows ‘Conflicting Trends’

Ohio’s monthly jobs report released this week showed that while the state saw a loss of 7,900 private sector jobs, the unemployment rate fell to 4.6 percent. According to a press release from the Ohio Department of Job and Family Services, the unemployment rate dropped from 4.7 percent in January…

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Ohio Jobs Report: A Strong Year Ends on a Dismal Note

While 2018 was, overall, steady for job growth, the year ended on a sour note for the Buckeye State. The Ohio jobs report for December 2018 has been released and it appears to have been a disappointing month. While unemployment remained at an unchanged 4.6 percent from November to December,…

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The Most People in Nearly 20 Years Quit Their Jobs for Better Ones in 2018

by Tim Pearce   Roughly 2.4 percent of the Americans in the workforce quit their jobs in the past year, the fastest rate since 2001, according to the Bureau of Labor Statistics (BLS). The BLS’s most recent version of the Job Openings and Labor Turnover Survey (JOLTS) found that an…

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‘Don’t Screw Us Over,’ Ohio Workers Warn Candidates

by Ramon Taylor   Brandy Corwin likes that she can now wear makeup and nice clothes to work. That is because she is no longer working on the assembly line at the General Motors plant in Fort Wayne, Indiana. “I was laid off multiple times, and having a family, you can’t…

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Great Economic News Bedevils Trump Detractors

Donald Trump

by Rick Manning   The incredibly positive economic data that keeps coming out from both private and public sector sources leads to one overriding question: Will the Trump economic detractors ever get tired of being wrong? Over the course of the past six months, we have heard how tariffs against the…

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Tennessee Adds 45,000 Jobs Over Past Year

Handshake deal

Tennessee’s unemployment rates remain low and the state added 45,000 jobs the past year, the National Federation of Independent Business said. According to the March 2018 numbers from the Tennessee Department of Labor and Workforce Development, 82 of the state’s 95 counties saw lower unemployment rates that month than they…

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