|Slight drop in state jobless rate|
|Friday, December 20, 2013 9:09 PM|
BY ED GEBERT
Times Bulletin Editor
VAN WERT — Heading into the Christmas holiday, any good economic news is welcome. On Friday, the Ohio Department of Job and Family Services (ODJFS) released a little good news with a lower unemployment rate in the state.
According to ODJFS, the November 2013 unemployment rate in Ohio fell slightly to 7.4 percent. That mark is down from 7.5 percent in October. The number of unemployed workers in the state held steady in November at 427,000, however, the number of jobs also declined during the month from 5,202,600 in October to 5,190,600 in November — a drop of 12,000 positions.
Those jobs came mostly from the private service-producing sector where 9,500 net jobs were lost. Leisure and hospitality industry jobs were down by 12,200, but gains in educational and health services jobs (4,200) and trade, transportation, and utilities jobs (3,000) helped to counter the losses. Meanwhile, construction jobs fell by 3,600 positions while 500 manufacturing jobs were added.
In the past 12 months, the number of unemployed Ohioans has risen by 37,000. One year ago, the unemployment rate in Ohio was 6.8 percent.
The November unemployment rate for counties will not be released until Dec. 27.
The U.S. unemployment rate for November was 7.0 percent, down from 7.3 percent in October.