Ohio's February jobless rate highest since 1984

[OhioChick]

Source: AP

03.20.09, 11:11 AM EDT

The state's unemployment rate hit a near 25-year high of 9.4 percent in February as job losses continued in both manufacturing and services, the Ohio Department of Job and Family Services reported Friday.

Joblessness increased from 8.8 percent in January amid further weakness in the state's job market, the department said.

"We continue to see the mass layoffs that have occurred in Ohio over the last few months factor in to the unemployment rate and how it's calculated," said Brian Harter, a spokesman for the agency.

The last time unemployment was higher in Ohio was in May 1984, when the jobless rate was 9.6 percent, Brian Harter said. State unemployment hit an all-time high of 13.8 percent in December 1982 and January 1983.



Read more: http://www.forbes.com/feeds/ap/2009/03/20/ap6193614.html

[ChromeFoundry]

1. I'd say it's easily into double digits...

Too many people whose unemployment benefits have run out here...long ago.

[skoalyman]

2. welcome to the new economy were us main streeters

live in the real world.while wall street will continue to live in there newly inflated fantasy bubble land.:puke:

[groundloop]

3. And if I'm not mistaken....

In 1984 that B-movie actor from California was in the white house. Funny how that works, tax cuts for the wealthy and big business - trickle down economics at it's finest.