Business & Economy

The Economy And Its Impact On Ohio

Aug 5, 2020
dollar bills money
Mark Lennihan / AP

Economic indicators in June and July show just how much damage the pandemic has inflicted. The U.S. suffered its worst quarter ever as the GDP fell a historic 32.9% last month.

In Congress, lawmakers are working to hash out a new stimulus package as jobless Americans face their first week without $600 in federal help. Millions are feeling the pain.

Amazon distribution center in Groveport, Ohio.
WOSU

Central Ohio may be an underdog in the competition for Amazon's second North American headquarters, but the online retailer is at least bringing another order fulfillment center here.

The U.S. added 161,000 new jobs in October, with workers seeing strong growth in wages, according to the monthly jobs report from the Bureau of Labor Statistics.

Hourly earnings rose 10 cents over last month, a higher increase than anticipated. In total, wages — now averaging $25.92 an hour — are up 2.8 percent year over year.

An artist's rendering of "cargominiums" made from shipping containers.
NISRE, Inc.

If you watch reality TV or use do-it-yourself sites like Pinterest, you've probably seen garages, bunkers, or even houses made from old shipping containers. A Columbus non-profit housing agency is taking that a step further with the state's first apartment building built from those big metal boxes.

Columbus Realtors: Housing Market Remains Hot

Sep 22, 2016

Realtors in Columbus say the central Ohio real estate market remains hot. Columbus Realtor's President John Royer says homes continue to fly off the market even as inventory begins to taper off.

Kasich Meets With Obama, Voices Support For TPP

Sep 16, 2016

Governor John Kasich met with President Obama Friday to show his support for the Trans-Pacific Partnership or TPP.

File photo

The state says Ohio's unemployment rate dropped again in August to 4.7 percent. That’s down from 4.8 percent the previous month but up slightly from 4.6 percent in August 2015. The national unemployment rate for last month held steady at 4.9 percent.

Down Tax Receipts Catch Eye Of State Budget Officials

Sep 12, 2016
Calculator
Flickr / Creative Commons

The money the state of Ohio brought in from taxes was down last month, and that has officials saying they’ll be watching the next few months very carefully. 

Esther Honig / WOSU

Steve Schoeny, the Director at the Columbus Department for Development, says the city was a bit disappointed that the new owners of Columbus Castings had no plans to reopen the century-old foundry.

Columbus Real Estate Group Reports Hot Housing Market

Jul 21, 2016

Columbus Realtors say the cost of buying a house in Central Ohio rose to a new record high in June.

Lineage Brewing

Craft beer seems to be booming in Central Ohio, with breweries opening all over the place. As part of WOSU’s Curious Cbus Project, one listener wanted to know what was going on with craft brewing. So it was time to hit the streets to find out.

Central Ohio Home Sale Climb; Prices Rise

Jun 22, 2016

Nearly 31-hundred houses and condos were sold in Central Ohio in May.

Nationwide Childrens Hospital
Wikipedia

Nationwide Children's Hospital today announced an ambitious building plan that it says will transform its main campus in Columbus. 

Columbus Housing Inventory Hits Record Low

Apr 20, 2016

A Columbus Realtor's group says there were nearly 50 percent more homes sold in March than in the month before.

Very few companies make "supercars" that can rocket you from zero to 60 mph in a blink and then propel you to nearly 200 mph.

Porsche, Ferrari, Lamborghini, Aston Martin, Bugatti — and of course, Honda.

Honda?

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