The Buckeye Institute: It’s No Trick, Ohio’s October Jobs Report is All Treats
Nov 15, 2024Columbus, OH – Rea S. Hederman Jr., executive director of the Economic Research Center and vice president of policy at The Buckeye Institute, commented on the newly released jobs report from the Ohio Department of Job and Family Services.
“In October, Ohio’s unemployment rate fell from 4.5 to 4.3 percent, and the labor force participation rate climbed to 62.5 percent, indicating that more Ohioans are looking for work and finding jobs. Ohio’s sluggish job market had a strong month compared to the national average, which saw a static unemployment rate and a decline in the labor force participation rate.
“Ohio’s private sector added 6,100 new jobs in October, and September’s already excellent report of 9,500 new jobs saw a slight revision of 200 additional private-sector jobs added—two straight months of strong private-sector job growth in the Buckeye State.
“As Ohio’s General Assembly reconvenes, lawmakers can bolster economic opportunity by removing regulatory barriers and reducing government red tape—a great way to end a legislative session and help Ohio’s businesses and workers.”
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