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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