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Dayton Business Journal...
Ohio in top 10 worst for job losses
Monday, July 25, 2011 

Following Friday’s unsettling news that Ohio’s unemployment rate is climbing again, a new analysis of federal payroll data puts the state in dubious company for its job-loss track record over the past five years. 

A report by the Business Journals, the online arm of Dayton Business Journal parent American City Business Journals , found Ohio’s nonfarm payroll dropped 6 percent to 5.1 million between June 2006 and last month, marking the ninth-worth decline in the nation. Losing the largest share of payroll in the five-year period was Nevada with a 13 percent drop, followed by Michigan and Arizona, with declines of about 10 percent each. 

The Business Journals analysis uses Bureau of Labor Statistics data for the report, which features a sortable chart of states’ five-year performances. 

Ohio fares even worse in raw employment losses, down 333,600 jobs, the fourth-steepest drop. California took the top spot in that calculation with a net loss of 1 million jobs in a state where 14 million people are employed. 

On the brighter end of the spectrum, North Dakota led the nation with a nearly 12 percent boost in nonfarm payroll over the past five years, followed by Texas, up 5 percent, and Wyoming, up 4 percent. The Longhorn State led for its raw payroll increase of 537,000 jobs. 

However, while jobs are being lost in the state, there has been some good news in the Dayton region. Big companies such as Caterpillar Inc. and General Electric are hiring locally, and Dayton-area based companies such as Teradata Corp. , Ferguson Construction and Dayton Freight Lines Inc. also are hiring. 

Read the story with links at Dayton Business Journal




 
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