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Posted: 6:36 PM Jan 20, 2012
Is Unemployment Really Falling?
WTAP News Statistics show Ohio's unemployment rate falling sharply for the second month in a row...but the figures might not tell the whole story.
Reporter: Todd Baucher Email Address: todd.baucher@wtap.com |
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Ohio has seen its unemployment rate drop for the second month in a row.
The Department of Job and Family Services reports the Buckeye State had joblessness of 8.1% in December, down from 8.5%in November.
But a department spokesman says the decline primarily was the result of 21,000 Ohioans taking themselves out of the job market.
And a Marietta College economics professor says any improvement in the area's...and the nation's...economy this year will be slow.
"It's very slow. I expect this to continue this year, too," says Professor Jacquelline Khorassani. "I don't expect the unemployment rate to drop to 6% by the end of the year...I would be pleasantly surprised."
Workforce West Virginia announced Thursday the Mountain State's unemployment rate rose to 7.7% in December, up six-tenths of a percent from November.
The national jobless rate is 8.5%.
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