facebooktwitterRSS
- Advertisement -
  • Most Commentedmost commented up
  • Most Emailedmost emailed up
  • Popularmost popular up
- Advertisement -
 

« News Home

Valley’s unemployment rate drops nearly 2 percent



Published: Tue, March 27, 2012 @ 10:54 a.m.

Valley’s unemployment rate drops nearly 2 percent

YOUNGSTOWN

The Mahoning Valley’s unemployment rate tumbled nearly 2 percent in February compared to same month last year, according to newly released data from the Ohio Department of Job and Family Services.

In the tri-county area, the unemployment rate in February was 9.3 percent, down from 11.1 percent in February 2011.

The Valley’s civilian labor force — defined as those 16 and older who are working or looking for work, excluding the military, students, volunteer workers and those in institutions, retired or unable to work dropped from 265,000 last February to 261,000 last month.

The number of employed Valley residents rose by 1,200, from 235,700 to 236,900.

The number of unemployed dropped by 5,000, from 29,400 to 24,400.

The unemployment rate is still higher than the Ohio rate of 7.6 percent and the national rate of 8.3 percent.

Read the complete story in Wednesday’s Vindicator and at Vindy.com.


Comments

1VINDYAK(1799 comments)posted 2 years, 5 months ago

I wonder what the population statistics are during this same period of time. Has the general population increased or decreased, and how has this population difference affected the overall employment numbers?

Suggest removal:

2Ytownnative(1036 comments)posted 2 years, 5 months ago

it could very well mean 2% of the valley work force moved from the area

Suggest removal:

3Billy_Bob(60 comments)posted 2 years, 5 months ago

This is a very macro statistic. I would like to see the breakdown from month to month over a 4 year period, taking into account the fluctuations of population across the valley. Don't tell me unemployment decreased 2% when it in fact has increased over the past few years - this is very misleading.

Suggest removal:

4dubfun(174 comments)posted 2 years, 5 months ago

toy: Tell that to those who ran out of benefits who are still without jobs but are no longer counted in the official stats. Things may or may not be improving slightly, so don't applaud your governor quite yet.

Suggest removal:

5rickking123(292 comments)posted 2 years, 5 months ago

The recession started in 2007-2008. People have lost their jobs through 2010-2011. Unemployment benefits expire and then magically you're not counted as unemployed anymore.

Suggest removal:


News
Opinion
Entertainment
Sports
Marketplace
Classifieds
Records
Discussions
Community
Help
Forms
Neighbors

HomeTerms of UsePrivacy StatementAdvertiseStaff DirectoryHelp
© 2014 Vindy.com. All rights reserved. A service of The Vindicator.
107 Vindicator Square. Youngstown, OH 44503

Phone Main: 330.747.1471 • Interactive Advertising: 330.740.2955 • Classified Advertising: 330.746.6565
Sponsored Links: Vindy Wheels | Vindy Jobs | Vindy Homes | Pittsburgh International Airport