Ohio's Unemployment Rate Fell To Two-Year Low In November

Dec 22, 2017

Ohio’s official unemployment rate took a sharp downturn turn last month, although a separate survey of employers showed fewer people in the workforce.

A Friday report from state labor officials say Ohio’s official jobless rate fell from 5.1 percent in October to 4.8 percent last month. That's Ohio's lowest unemployment rate since it dropped to 4.7 percent in 2015.

The  lower jobless rate came as the number of people officially classified as unemployed, or out of work and actively looking for work, fell by about 17,000 in November.

But another survey of employers shows that overall employment in the state fell by more than 5,000 people last month.

November was a good month for Ohio’s manufacturing and financial activities industries, which each added more than 2,000 workers. Those job gains were offset by big job losses in trade, transportation and utilities, professional and business services, and the service-providing sector.

Ohio’s official unemployment rate is still more than a half-percent higher than the nationwide rate.