Ohio and U.S. Employment Situation (Seasonally Adjusted)
Ohio's unemployment rate was 4.2 percent in August, unchanged from July, according to data released this morning by the Ohio Department of Job and Family Services. The U.S. unemployment rate increased to 4.9 percent in August, up from 4.5 percent in July.
"Ohio's unemployment rate held steady in August as there were offsetting forces in the state's economy," said ODJFS Director Tom Hayes. "A decrease in unemployment compensation claims was counteracted by a modest decline in employment. The tragic events of last week are not reflected in these figures. Our analysts expect last week's terrorist attacks to increase pressure on an already weakened economy."
As for the impact of last week's tragic events, the economy was already experiencing a downturn and it is now likely there will be an even more pronounced negative impact."
The number of workers unemployed in August was 250,000, down from 251,000 in July. The August unemployment rate for Ohio was up from 4.1 percent in August 2000. The number of unemployed has increased by 11,000 over the year from 239,000.
Ohio County Unemployment Rates (Not Seasonally Adjusted)
Among the state's 88 counties, the August 2001 unemployment rates ranged from a low of 2.1 percent in Madison County to a high of 13.8 percent in Morgan County. Rates decreased in three-fourths of the counties. The comparable rate for Ohio for August was 4.0 percent.
Nine counties had unemployment rates below 2.9 percent in August. The counties with the lowest rates, other than Madison, were: Delaware County, 2.2 percent; Geauga, Logan and Union, 2.5; Clinton and Fairfield, 2.6; Holmes, 2.7; and Franklin, 2.8.
Ten counties had unemployment rates at or above 6.3 percent during August. The counties with the highest rates, other than Morgan, were: Vinton County, 9.4 percent; Meigs, 8.3; Adams, 7.9; Crawford, 7.1; Pike, 6.5; Jackson, Lorain and Morrow, 6.4; and Scioto, 6.3.
Total Nonagricultural Wage and Salary Employment (Seasonally Adjusted)
Ohio's nonfarm payroll employment fell 23,300 over the month, from 5,657,300 in July 2001 to 5,634,000 in August 2001, according to the latest survey conducted by ODJFS.
Goods-producing industries were down 13,200 from July. Most of the decline was in manufacturing (-11,900). The largest decreases occurred in transportation equipment, rubber and miscellaneous plastics products, industrial machinery and equipment, and food and related products. Losses in heavy construction, except building and special trade contractors, lowered construction 1,300. Employment in mining was virtually unchanged. Service-producing industries fell 10,100. Scattered declines reduced government 6,700. Services, wholesale trade, and transportation and public utilities were also down over the month. Gains were noted in retail trade (+1,500) and finance, insurance, and real estate (+800).
Over the year, nonagricultural wage and salary employment dropped 12,100. Goods-producing employment was down 37,700 due to declines of 39,800 in manufacturing. Industrial machinery and equipment, primary metal industries, transportation equipment, fabricated metal products, rubber and miscellaneous plastics products, and printing and publishing had the greatest losses. Construction employment rose 2,000, while mining was unchanged. Among service producers (+25,600), services advanced 22,300 due to gains in most sectors, especially health services. Other divisions with increased employment were finance, insurance, and real estate (+3,300), retail trade (+2,000), wholesale trade (+300), and government (+200). Transportation and public utilities dropped 2,500 over the year.
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For more information contact ODJFS Communications, (614) 466-6650.
EDITOR'S NOTE: All data cited are produced in cooperation with the U. S. Department of Labor. Data sources include Current Population Survey (U.S. data); Current Employment Statistics Program (nonagricultural wage and salary employment data); and Local Area Unemployment Statistics (LAUS) Program (Ohio unemployment rates). Attached are monthly statistical summaries of the information presented above. More complete listings of the data appear in the monthly Ohio Labor Market Review. Unemployment rates for all Ohio counties as well as cities with populations of 50,000 or more are presented in the monthly ODJFS Civilian Labor Force Estimates publication. Updated statewide historical data may be obtained by contacting the Bureau of Labor Market Information at (614) 466-1109. September unemployment rates and nonagricultural wage and salary data will be released by ODJFS on Friday, Oct. 19. This information is also available at http://jfs.ohio.gov
A complete list of monthly release dates for 2001 is available at http://lmi.state.oh.us under LAUS Current Labor Force Estimates.
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