The state loss 2,100 jobs in January while unemployment rates increased in all of Ohio’s 88 counties. The highest unemployment was in Monroe County at 12.8 percent and lowest was Mercer County at 3.9 percent.
The national jobless rate increased mainly because more than a half million sidelined workers (584,000) were lured back into the workforce, according to the jobs report. Workers re-entering the workforce or joining for the first time are counted as unemployed until they find a job, which can push up the jobless rate.
Ohio unemployment shrinks along with workforce
The prospect of better job opportunities bolstered by President Trump’s pro-business, pro-growth policy goals was undoubtedly a factor convincing hundreds of thousands of discouraged workers to resume their job searches, according to at least one expert.
“There’s some confidence about the Trump administration and the promise of him walking back a lot of regulation, and I think people are optimistic they’ve be able to find jobs,” said Orphe Divounguy, an economist at The Buckeye Institute, a right-leaning think-tank in Columbus.
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