Ohio economy

Ohio Lags Nation in Income Growth

Sep 14, 2018
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YOUR VOICE OHIO

As the rest of the nation celebrated in recent days that middle class income finally had recovered from the Great Recession, there was no cause to cheer in Ohio.

Recession after recession for generations, Ohio rebounded from hard times, but not anymore. Not only has the state failed to rebound from the Great Recession, we have yet to recover from the 2001 recession.

Consider:

American Forum / American Forum

Ohio has been gaining jobs over the last few years, and its unemployment rate hit its lowest level in 17 years a few months ago. But there are other numbers in the state’s economic overview that raise concerns for a progressive group that reviews the economy each year on Labor Day.  

Amy Hanauer with Policy Matters Ohio said the State of Working Ohio report shows workers are more productive and educated, but there are still pay gaps between men and women and whites and African Americans and little wage growth. 

Joe Schiavoni
Karen Kasler / Statehouse News

Senate Democrats are firing back against a study that says Ohio’s regulation of business is hampering the state’s economic growth. One lawmaker even argues that the study is a cop-out to avoid the bigger problem. Statehouse correspondent Andy Chow reports.

Democratic Sen. Joe Schiavoni says regulations are not to blame for slowing Ohio’s economy.

“It’s the lack of investment in our communities and our people in exchange for tax cutting for the highest earners.”

photo of Rock and Roll Hall of Fame
CHRIS WALLIS / WKSU

The Rock and Roll Hall of Fame in Cleveland has commissioned a study of the museum’s economic impact on Northeast Ohio. The study found that tourists came, they saw, and they spent.  

Visitor spending added up to an estimated $127 million last year. Rock Hall CEO Greg Harris says they weren’t just passing by.

photo of job losses in Ohio
BUREAU OF LABOR STATISTICS

The number of manufacturing jobs in Ohio has slowly ticked up in recent months, but a new report finds several trends that could undermine the future of the industry.

The report is by the left-leaning think tank Policy Matters Ohio. And its main message can be summed up as, “nice work, IF you can get it.” The average salary for a production job is $59,000. But the report's author, Michael Shields, says those well-paying gigs are becoming harder to get, especially for young people.

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