Ohio Unemployment Rate Remains Low

For the tenth month in a row, the unemployment rate in Ohio remains low.

According to the state Department of Job and Family Services, it is reported that seasonally adjusted joblessness in the state fell from 7.4 percent in April to 7.3 percent by May.

Additionally, Ohio's nonfarm payroll increased by 19,600 in May compared to April.

Ohio Governor, John Kasich, is excited to see this drop in unemployment but advised that the state's unemployment problem is not all figured out.

Benjamin Johnson, spokesman for Job and Family Services told CBS Money Watch that the amount of unemployed Ohioans fell by close to 5,000 from 431,000 in April to 426,000 in May. The state has increased the amount of jobs available for people. There have already been over 60,000 jobs added within the first half of this year. This is twice as much as many jobs added in 2011.

"The best thing that can happen is for Ohio to continue pursuing the jobs-friendly policies that are tearing down barriers to job creation and for Washington to learn from our progress," Johnson said in a statement Friday.

In May, the manufacturing sector saw close to 6,400 new jobs created. This industry has been one of the leading fields that have helped better the state's economy. The professional and business fields have seen a total of 4,500 new jobs, while the education and health fields have had a job increase of 4,300 new jobs.

"The fact that employment is increasing in most industries in Ohio is helping to drive Ohio's unemployment rate below the national average," Johnson said.  He added however that, "This doesn't change our overall outlook of slow recovery in the coming months."

Real Time Analytics