Ohio June mass layoffs indicator that ‘jobless recovery’ sign of labor realignmentWritten by John Michael Spinelli Toledo Free Press Ohio Statehouse News Bureau Chief | | email@example.com
If not losing as much as before is considered a win, then Ohio is winning even as it loses, according to federal labor statistics on mass layoffs (ML) released July 23 for June that showed fewer Ohioans are lining up for unemployment insurance year-over-year.
The numbers — based on 50 or more initial claims for unemployment insurance benefits filed against an employer during a 5-week period — show Ohio had 58 ML events in June, compared to 47 in May and 61 in April. But one year ago in June 2009, that number was 94 or 38 percent higher.
Read the full story here.