Friday, July 5, 2013 at 6:15 PM
The newest release of unemployment claims for the last week of June show Ohio's economy is recovering, but at an extremely slow pace.
That’s according to George Zeller, an economic research analyst in Cleveland.
More than 9600 unemployment claims were filed last week. Zeller says over the past 5 months, Ohio’s new jobless claims have consistently been higher than they were in 1999, the last time the economy was growing.
Zeller: “The highest elevated levels of layoffs this week were in Columbus, a place that usually does better than the rest of the state.”
Greater Cleveland faired better, although its jobless claims were still higher than the same period in 1999.
Zeller says Ohio has stopped losing jobs as quickly as during great recession, and is adding jobs, but not quickly enough.
The U.S. Department of Labor will release a breakdown of Ohio’s unemployment rate later this month.
Economy, Regional Economy/Business - Analysis and Trends
Please follow our community discussion rules when composing your comments.