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Ohio's unemployment rate is the lowest it's been since 1976. Yet, pay growth remains stagnant

Close up of a mid adult woman checking her energy bills at home, sitting in her living room. She has a worried expression
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Close up of a mid adult woman checking her energy bills at home, sitting in her living room. She has a worried expression

Ohio has been breaking records in the post-pandemic economy since April, when the state's now historic unemployment rate dropped to 3.7% for the first time since 1976 — when the U.S. Bureau of Labor Statistics first started tracking unemployment. And yet, wages struggle to keep pace with the rising cost of inflation.

The state saw a slight increase in unemployment — from 3.3% in July to 3.4% in August, adding 3,500 jobs, according to a report from the Ohio Department of Job and Family Services.

On Cincinnati Edition, we'll learn more about how Ohio's economy is recovering post the state's pandemic job losses, what this means for Ohio workers, and how policy makers can continue to support a growing labor market.

Guests:

  • Greg Lawson, research fellow, Buckeye Institute
  • Michael Shields, economist, senior researcher, Policy Matters Ohio

Ways to listen to this show:

  • Tune in live at noon ET M-F. Call 513-419-7100 or email talk@wvxu.org  to have your voice heard on today’s topic.
  • Catch the replay on 91.7 WVXU and 88.5 WMUB at 8 p.m. ET M-F.
  • Listen on-demand. Audio for this segment will be uploaded to this page by 4 p.m. ET., or subscribe to our podcast.
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