Ohio Unemployment Rate for October 2015 Released

The Ohio Department of Jobs and Family Services released the unemployment rate for October 2015, reporting that it decreased to 4.4% from 4.5% in September.  This is also down from 5.2% in October 2014.  The October 2015 rate is reported to be the lowest since 2001.

Over the past year, Ohio has added about 77,400 jobs, though it still lags behind the nation.  The Plain Dealer offered some insight regarding some ongoing concerns with underemployed, as well as the steady rate of those discouraged from employment (i.e., have stopped searching for work because they did not believe they could find it).  http://www.cleveland.com/business/index.ssf/2015/11/ohios_unemployment_rate_44_sta.html

The national unemployment rate also dropped from 5.1% to 5.0%.  Average hourly wages increased by 2.5% from a year ago, which remains below the 3.5% that is expected in a healthy economy.

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