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(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 ranked last out of all the states in the U.S. for the biggest increases in unemployment claims as of Aug. 1, with its last week’s claims 31.27% lower than in the previous week and 71.14% ...
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 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 ...
Unemployment rates historically are lower for those groups with higher levels of education. For example, in May 2016 the unemployment rate for workers over 25 years of age was 2.5% for college graduates, 5.1% for those with a high school diploma, and 7.1% for those without a high school diploma.
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 Benefit Financing Model (BFM), also known as Unemployment Insurance Benefit Financing Model (UIBFM), is an actuarial forecasting model designed to help analysts project the condition of Unemployment Trust Fund (UTF) a number of years into the future, and quickly assess the financial impact of various economic scenarios and possible law changes.
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