Ohio still stands with a high unemployment rate and now in a period of slow down may be upon us. Researchers assess the state of the economy and are cautious about 2011. Even with this it seems that there has been an increase in sales tax four months in a row which includes gains of 4.9% in September and 6.1% in October.
There has been a a steady increase in the total miles traveled by commercial vehicles on the Ohio Turnpike's, but the passage of still tend to be less than pre-recession. It is believed that this shows signs in the increase of factory orders ans other signs of increasing business activity.
During the recession the state of Ohio lost 7% of its employment compared to the nations 5%. According to senior economist unemployment in the state fell 1% point from March to September. On the down side statistics of August and September show that the growth had already begun soften.
It has also been noted that even though it may appear that Ohio unemployment levels have decrease some of the totals do not reflect those who are still unemployed and their extensions for unemployment have ran out. This leaving just as many unemployed but not counted for due to not drawing off of Ohio's unemployment. Unfortunately this is going to become true for many of those who have been unemployed since the beginning of the recession.
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