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Hiring by U.S. employers accelerated sharply amid an improving public health outlook and a new round of $1,400 relief payments.
Meanwhile, the unemployment rate dipped to 6.2% last month as the winter wave of coronavirus infections eased.
Powell warned it will take time to put millions of jobless Americans back to work, while also downplaying inflation threats.
BOWLING GREEN, Ky. (OVR) — The COVID-19 pandemic is continuing to cripple the economy in the Ohio Valley and President Joe Biden and Congressional Democrats are pursuing his plan for economic recovery. Biden’s economic priorities include raising the minimum wage to $15 an hour, forgiving student loan debt, and undoing some Trump-era tax cuts. But Biden’s… Read More
Fewer jobs were added to the economy last month even as the unemployment rate fell to 8.4%. Job growth has slowed since June in a sign of what could be a long and painful recovery from the recession.
Initial unemployment claims had been above 1 million for 20 straight weeks. The total receiving unemployment also dipped, to 28.3 million, as of July 25.
Job postings for entry-level positions popular with new college grads fell by 73%, compared with before COVID-19 hit. And for the class of 2020 who have landed jobs it’s often been a strange journey.
ATHENS, Ohio (WOUB) — Ohio University faculty, staff, students, and Athens community members demanded that administrators freeze layoffs and reinstate union workers who lost their jobs during a motorcade rally Wednesday. The Ohio chapter of the American Association of University Professors and the American Federation of State, County and Municipal Employees Local 1699 organized the… Read More
The long economic recovery has brought unemployment to historic lows. But the number of men in the labor force during their prime working age has dropped significantly over the past 50 years.
Many Americans plan to do the bulk of their retirement saving in their 50s. But what happens if you lose your job at that age instead? According to researchers, the situation is common, and laid-off older workers have a harder time finding a new job — especially one that pays their previous salary. PBS NewsHour… Read More
A controversial economic development project in Ashland, Kentucky, hit a snag last week as aluminum company Braidy Industries ousted CEO and board chairman Craig Bouchard. In a statement, Braidy Industries’ interim CEO said he appreciated Bouchard’s hard work for the company. Bouchard says the firing was improper and is refusing to step down. The dueling… Read More
The two companies expect to create more than 1,100 jobs in northeast Ohio. The new plant will be built near GM’s Lordstown facility that was shuttered earlier this year.
COLUMBUS, Ohio (AP) — Ohio’s seasonally adjusted unemployment rate was unchanged from September to October. State officials on Friday said the unemployment rate was 4.2% last month, the same as September. Ohio’s unemployment rate stood at 4.6% in October 2018. The national rate was 3.6% in October, up from last month, and down from 3.8%… Read More
Devin Mefford is sitting in the squat metal buggy of a modified mantrip, the train-like shuttle coal miners use to travel underground. Mefford is dressed for work, in a hardhat and a navy shirt and pants with lime green reflective stripes. It’s a uniform his father and grandfather — both Kentucky coal miners — would… Read More
COLUMBUS, Ohio (AP) – Google says it is set to break ground on its $600 million data center in an Ohio city, part of $13 billion in planned investments by the tech giant this year. Company officials will be in New Albany on Friday for a groundbreaking celebration at the city’s International Business Park. The… Read More
CHARLESTON, W.Va. (AP) – A legislative report says West Virginia’s Division of Labor cited more than 500 violations of a jobs act intended to give local laborers the majority of roles on state-funded public works projects. The Charleston Gazette-Mail reported Wednesday that contractors were fined more than $100,000 altogether during the 2018-19 fiscal year for… Read More
Bobby Bowman mined coal in West Virginia for 12 years before his employer shut down. “I don’t think that mine will ever open again,” he said. Bowman lives in Welch, in the south of the state, where he worked at the Pinnacle Mine, which shut down almost exactly one year ago, putting him and about… Read More
COLUMBUS, Ohio (AP) — The Ohio Department of Job and Family Services is partnering with a professional networking website to make it easier for unemployed Ohioans to find jobs. Some 200,000 Ohioans receive state unemployment benefits annually. The pilot program with LinkedIn is intended to make it more convenient for them to apply for jobs… Read More
COLUMBUS, Ohio (AP) — Ohio’s seasonally adjusted unemployment rate increased slightly from July to August. State officials on Friday said the unemployment rate was 4.1% in August, compared with 4% the previous month. Ohio’s unemployment rate stood at 4.6% in August 2018. The national rate was 3.7% in August, unchanged from July, and down from… Read More
A southeast Ohio lawmaker has taken to Twitter to blast the state’s non-profit economic development company for not helping his region enough. But supporters of JobsOhio are standing firmly behind it. “We’re not even getting our fair share,” said Rep. Jay Edwards (R-Nelsonville) of JobsOhio. Over the last few weeks, Edwards has tweeted about JobsOhio nearly… Read More
FRANKFORT, Ky. (AP) — Kentucky officials say the state’s unemployment rate rose slightly in August. The Kentucky Center for Statistics says the state’s seasonally adjusted jobless rate was 4.4% last month. The preliminary figure is up from the 4.3% rate in July. Last month’s rate was unchanged from the statewide jobless rate in August 2018…. Read More
WHEELING, W.Va. (AP) – Notices filed in West Virginia and Ohio reveal that 1,079 workers will lose their jobs when two hospitals are closed this fall. Worker Adjustment and Retraining Notification filings indicate 736 workers will lose their jobs at Ohio Valley Medical Center in Wheeling, West Virginia, and 343 more will lose their jobs… Read More
FRANKFORT, Ky. (AP) — Kentucky officials say the state’s unemployment figure rose slightly in July but remained lower than the rate a year ago. The Kentucky Center for Statistics says the state’s seasonally adjusted jobless rate was 4.3% last month. The preliminary figure is up from the 4.1% rate in June. But it’s below the… Read More
COLUMBUS, Ohio (AP) – Ohio’s seasonally adjusted unemployment rate fell slightly from May to June. State officials on Friday said the unemployment rate was 4% in June, compared with 4.1% the previous month. Ohio’s unemployment rate stood at 4.6% in June 2018. The national rate was 3.7% in June, up from 3.6% in May, and… Read More
Job growth rebounded strongly last month as employers added 224,000 jobs. That followed a disappointing May when employers added just 72,000 jobs.