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Ohio 7th in jobs added YOY, 2nd behind Texas in January, BLS reports

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Data released Monday by the Federal Bureau of Labor Statistics [BLS] shows 43 states and the District of Columbia had unemployment rate decreases from December, one state had an increase, and six states had no change.

Included in the Regional and State Employment and Unemployment Summary today was the good news that Ohio, which had several bad months for job performance last year, ended up with 67,000 jobs additions year over year.

This ranked it seventh among states behind top ranked Texas with 322,400, California with 319,600 and Florida with 92,800. New York, Georgia and North Carolina followed, respectively.

The BLS said regional and state unemployment rates were generally little changed in January. All 50 states and the District of Columbia had unemployment rate decreases from January of 2013. The national jobless rate, 6.6 percent, was little changed from December, but was 1.3 percentage points lower than in January 2013.

Ohio's 6.7 percent January unemployment rate is down slightly from 7.1 in December.

In January 2014, nonfarm payroll employment increased in 23 states and decreased in 27 states and the District of Columbia. The largest over-the-month increases in employment occurred in Texas (+33,900), Ohio (+16,700), and Arizona (+8,900).

The BLS job growth findings support other analysts that jobs have nearly reached pre-recession levels. Total non-farm payroll employment was 138.365 million before the Great Recession and now is at 137.699 million total non-farm payroll jobs, or 666 thousand fewer than the pre-recession peak.

At the recent annual pace of about 2.2 million jobs added per year, Bill McBride of Calculated Risk visions that total non-farm payroll will be at a new high in June 2014. He notes that the pre-recession peak for private payroll employment was 115.977 million, while there are currently 115.848 million total non-farm payroll jobs, or 129 thousand fewer than the pre-recession peak. "It seems likely private sector employment that will be at a new high in March," he says.

The news article Ohio 7th in jobs added YOY, 2nd behind Texas in January, BLS reports appeared first on Columbus Government Examiner.

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