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Ohio joblessness rose during June--Manufacturing sector lagging

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Kolesar Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-17-04 02:58 PM
Original message
Ohio joblessness rose during June--Manufacturing sector lagging
Cincinati Enquirer

Ohio's unemployment rate rose in June as losses in manufacturing mounted and more people came into the work force, the state reported Friday.

The state unemployment rate rose to 5.8 percent in June, seasonally adjusted, up from 5.6 percent in May, and higher than the national rate of 5.6 percent. The number of unemployed across the U.S. grew by 10,000, to 339,000 in June, compared to May.

The number of jobs in the state fell by 14,300 from May to June. Manufacturing lost 3,400 jobs from May to June, bringing jobs lost in that sector to 208,000 since its employment numbers peaked in February 2000.
end excerpt......
The article says the rising unemployment rate is due to people entering the economy. I thought that unemployment rates were always seaonally-adjusted.
excerpt......
Consider this part:
Ohio's overall work force, however, is shrinking. Compared to June 2003, last month there were 30,000 fewer unemployed but also 42,000 fewer people working. Evans attributed the decline in the work force to the fact that "people are still watching and waiting" for the economy to improve.
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iamjoy Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-17-04 03:04 PM
Response to Original message
1. Decline In Manufacturing Jobs?
What, is McDonald's not hiring? Blame Morgan Spurlock.
<sarcasm off>
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Lefty48197 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-17-04 03:07 PM
Response to Original message
2. "The economy is strong, and getting stronger" - George W. Bush
It appears he's every bit as out of touch as his father was.
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