Island’s jobless rate dipped to 4.2% in July

The jobless rate in Toledo dipped to 4.8 percent in July from 4.9 percent in June, and the rate in Lucas County was unchanged at 5.3 percent, according to the Ohio Department of Job and Family Services.

The jobless rate reached 4.3 percent, up from 4.1 percent in May – the lowest rate since mid-2008.

The metro jobless rate remained at 6.2% however, because the civilian labor force decreased by 100. “Job growth is still below the national average, with IL down 41,200 jobs short of its peak employment level reached in September 2000”.

The state’s labor-force participation rate – the total number of residents 16 or older who worked or were unemployed and actively sought work in the last four weeks – is 65.0%, up 0.1% from the previous month.

Labor force data for the current month are preliminary and subject to revision as more information becomes available the following month. Clair Record in May.

Unemployment in Miami County fell to 4.1 percent last month from 4.3 percent in June. “We’re not growing enough jobs for everyone that wants to work”.

Nichols said the July jobs report indicates small businesses and other private-sector employers did not have the ability to absorb all the people seeking jobs. “We owe it to these people to make our economy grow at a more competitive rate”.

Jefferson County’s 3.1 percent unemployment rate was the lowest in the state, followed by Pendleton County at 3.4 percent and Berkeley County at 3.5 percent.

Statewide, the seasonally adjusted unemployment rate was unchanged last month at 4.7 percent.

Figures released on Tuesday show the number of people employed in the Youngstown-Warren Metropolitan area increased from 238,100 in June to 238,900 in July. The Economy Ministry said that when these people are included, the unemployment rate rises to 5.9 percent – still much healthier than even the nominal unemployment rate in most of Europe, and significantly better than the “real” rate in the US, where large numbers of people are not actively looking for a job. Anyone who has exhausted or is ineligible for unemployment insurance is still reflected in the unemployment rate as long as they are actively looking work.