Ohio’s jobless rate hits 8.8% in January

[denem]

Source: Business Courier of Cincinnati

Ohio’s unemployment rate didn’t climb last month. It soared.

The state Department of Job and Family Services on Friday reported Ohio’s jobless rate for January shot to 8.8 percent from 7.4 percent in December and 5.7 percent in January 2008. The unemployment rate hasn’t scaled to those heights since 1985, when it averaged 8.9 percent while the nation was emerging from a deep recession...

The state’s total work force, which includes employed Ohioans and the unemployed who are seeking work, totaled 5.74 million in January.

About three in every five jobs lost in the state last month were in the goods-producing sector, which includes manufacturing and construction jobs. In the service sector, the financial industry lost nearly 7,000 jobs, the department said.

Read more: http://www.bizjournals.com/cincinnati/stories/2009/02/23/daily57.html

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Obviously the way forward is to aggressively cut taxes and spending, or in the words of President Obama "They own their failure".

[YOY]

1. Awesome.

:sarcasm:

[madmom]

2. My son lost his job in December, he got his first unemployment check yesterday.

[madrchsod]

3. how about cutting taxes on unemployment?

why has`t anyone thought that would be a great idea. it would save my daughter around 80 dollars a month or better she`d have 80 dollars to spend or pay down her credit cards.....

[OhioChick]

4. Coming to "your" state soon....

K&R

[liberal N proud]

5. I wonder what the true rate is?

[OhioChick]

6. I'm sure it's in the double digits by now. n/t

[MikeNearMcChord]

7. I bet it is around (Unofficially) 20% in Youngstown/Warren.

[OhioChick]

8. Cleveland's being pummeled probably just about as bad. n/t