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The Great Depression hurt the area's economy and caused up to 35% unemployment rate. The City of Cleveland went into default in 1978 and was $30 million in debt. The area's economy improved during the 1990s. However, The Great Recession hindered the region as the City of Cleveland
Unemployment in the US by State (June 2023) The list of U.S. states and territories by unemployment rate compares the seasonally adjusted unemployment rates by state and territory, sortable by name, rate, and change. Data are provided by the Bureau of Labor Statistics in its Geographic Profile of Employment and Unemployment publication.
The economy of Ohio nominally would be the 20th largest global economy (behind Turkey and ahead of Switzerland) according to The World Bank as of 2022. [8] The state had a GDP of $822.67 billion in 2022, which is 3.23% of the United States total, [9] ranking 7th in the nation behind Pennsylvania and ahead of Georgia. [10]
(The Center Square) – Ohio’s unemployment rate ended 2024 rising, but analysts believe the job market is still better than the national job picture. The state’s jobless rate rose to 4.4% in ...
Ohio was the best among 29 states with unemployment claim rates that were better than the same week last year.
The state’s November unemployment rate was unchanged from October at 4.3%, but the labor force participation rate rose from 62.5% to 62.6%, leading economists to believe job openings and ...
Ohio's economy was also heavily afflicted by the Great Recession, as the state's unemployment rate rose from 5.6% in the first two months of 2008 up to a peak of 11.1% in December 2009 and January 2010. [87] It took until August 2014 for the unemployment rate to return to 5.6%. [87] From December 2007 to September 2010, Ohio lost 376,500 jobs. [88]
The unemployment rate for Marion County as of July 2019 was 4.4%. [35] Largest employers ... The museum is dedicated to the preservation of Marion County, Ohio history.