OHIO, CUYAHOGA JOB LOSSES "ALARMING"

Submitted by Roldo on Thu, 06/25/2009 - 11:31.

Bad economic news keeps hitting Ohio and Cuyahoga County. The newest data  from researcher George Zeller concludes “the rate of layoffs in Ohio continues to increase very sharply and at an alarming rate.”

 

That is alarming.

 

In Cuyahoga County at this time of year the number of new claims for unemployment, writes Zeller, should be less than 1,000. The figure this week  is double that at 2,094.

 

He also reports that Ohio’s  “20,663 new unemployment claims for the third week of June are at a level now 171 percent higher and nearly triple ‘a job growth’ level of 7,617 that is normal at this time of year during economic growth periods.”

 

To read Zeller’s entire report go here:

http://www.nacs.net/~georgez/newclaims062009.pdf

 

 

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