January 23, 2011 by USA Post
The number of unemployed in Ohio fell to 567,000 in December from 580,000 in November, the Ohio Department of Job and Family Services reported Friday.
Non-agricultural wage state and salary employment fell 9,100 to 5,002,900 in December to 5.012 million in November.
For all of 2010, growth in manufacturing employment has led the way, adding 13,000 from November to December. Overall, unemployment fell to 567,000 from 580,000. For the past year, job losses in financial activities fell by 10,000
During the same period a year earlier, the unemployment rate in Ohio was 10.8 percent.
The unemployment rate in Ohio ended the year with consecutive decrease on December 9 as a decline in payrolls was overtaken by a larger fall in job seekers.
The state of employment and family ministry said on Friday that the unemployment rate in Ohio has reached a seasonally adjusted 9.6 percent in December. It is from 9.8 percent in November and more than one percentage point lower than the 10.8 percent unemployment seen a year ago.
During the month, nonfarm payrolls fell by more than 9,000 jobs to reach 5 million workers. It is largely a decline of 7,300 jobs in goods-producing Ohio, which experienced declines in construction and manufacturing. The service sector more widely only lost 1,300 jobs during the month.
The ranks of those unemployed and actively seeking, meanwhile, fell by 13,000 to 567,000 hit, marking the lowest number of unemployed in Ohio nearly two years.
County and unemployment data at the city level are set to be released Tuesday. January statistics will be released March 4.
The foreclosure crisis has always been a different animal in Ohio than in other parts of the country, according to housing advocates.
Clearly, 2009 and 2010 have been banner years for job retention and creation in the Buckeye State. So while rising foreclosure rates should not be surprising, they occur more easily have been.
In 2010, more than 1 million U.S. homes were lost to the closure and another 1.9 million have been somewhere in the default process, according to RealtyTrac, a data provider that specializes in California real estate foreclosure.
These 2.9 million households are the highest recorded by RealtyTrac, which is predicting 2011 will be worse. Notice of default, scheduled auctions and bank foreclosures are the documents included in the figure of RealtyTrac.
Ohio, with one foreclosure for every 47 units, followed closely the national average.
In the latter half of the year, lenders, according to latest data provided by RealtyTrac, took more than 20,000 homes in Ohio back.
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