News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Hennes Paynter Communications

Northeast Ohio Medical University

Akron General


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Ohio's median income continues to drop
Median household income is still down nearly $5,000 since 2007, a year before the recession hit
Story by KELSEY LEYVA


 
Randy Olsen, director of the Center for Human Resource Research, says that there is no strong evidence that the economy has recovered from the recession that hit in 2008.
Courtesy of Stanford University Institute for Research in the Social Sciences
Download (WKSU Only)
In The Region:

A new Census report released Tuesday says that the Ohio’s median household income is nearly 5 thousand dollars less than it was in 2007, a year before the recession hit.

And from 2011 to 2012, the median household income continued to go down, though only by $273.

Randy Olsen is the director of the Center for Human Resource Research at Ohio State University. He says that it is unusual that the economy still hasn’t recovered.

LISTEN: Randy Olsen on the unusual nature of the latest recession

Other options:
Windows Media / MP3 Download (0:27)


“We’ve had a very deep recession. Usually after a recession the economy comes back very strongly. That has not happened. There is no sign that the economy is recovering strongly. There is no evidence, that I can see, that the economy will recover strongly any time soon, so it’s better to just look at the evidence and the evidence is really not terribly hopeful.”

The Census study also reports that Asian and Caucasian Americans nationwide experienced an increase in median household income, while incomes of Hispanic and African Americans went down.
Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook



Stories with Recent Comments

Ohio survey shows low-income people are choosing phones over food
Where is this study published? no sign of it on google scholar. is there a cite

The Akron Sound rocks the porches
fabulous group interview! you covered so much in so little time. wish i could be there for porch rockr.

Head of Ohio Dems says Kasich administration is lying about Suarez contacts
when Kasich's mouth is open , he's lying. Look what he did at Lehmans brothers and then lied about it all during the campaign. If a GOP didn't lie, he or she ...

Canton's Basilica of St. John absorbs news of the pope at morning Mass
Hello Chris,Marina,and Patrice, I just read this article and you all look great. I'm on facebook Jean Dutcher in blue and white stripped blouse. I"M so glad to ...

Exploradio: Avoiding the 'acting-white' trap
Growing-up black and being black should not determine that you will not speak well or will not be a high achiever in your goals in life.But society te nds to la...

Charter-school supporters to rally at Statehouse
I am on the bus now headed to the rally. Horizon is an excellent school. My son is is 7 th grade. The teachers and administrators are top notch and spend so m...

Former Nursing Home Land Added to Parks
In addition, LED technology also plays a very important role in advertising- LED placard is very, very useful for shop owners.

Ohio Supreme Court hears arguments on school funding
That's not true. Other school districts HAVE followed this law and done this. Oakhills is one of them and how they were able to provide technology for their s...

Death and beauty at Cleveland's Museum of Contemporary Art
What a disgusting story to air at lunch time.

Ohio Supreme Court grills attorneys on flooding and million-dollar fixes
Perhaps the State of Ohio should take the lead and implement state wide water shed districts that would collect minimum fees. The funds could then be distribute...

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University