USA Today: October unemployment rates fall in 28 states.
Ohio’s
unemployment rate in October rose slightly
to 7.5 percent, even though the state says it added jobs in the past
two months, according to data released Friday by the Ohio Department
of Job and Family Services.
The
Columbus area’s strong growth in employment since the recession
ended might be showing signs of dimming. The region has lost 8,000
jobs over the past three months, including 6,100 in October,
according to data compiled by Bill LaFayette, owner of the
economic-consulting firm Regionomics, based on state figures released
yesterday.
In
spite of more than a billion dollars of tax dollars* being
transferred to the quasi private and unaccountable Jobs
Ohio organization,
new
jobs don't seem to be happening.
*The
long-awaited transfer of Ohio’s wholesale liquor franchise to
JobsOhio
was
completed Friday along with sale of $1.5 billion in bonds to finance
the acquisition.
The
transfer means Jobs Ohio, the state’s private, nonprofit economic
development, can begin tapping about $100 million in annual liquor
profits to fund its job-creation efforts.
Added to this news our
state government attack on local governments and public education.:
Reducing or eliminating
the return of tax revenue to local governments and schools.
According
to Shttp://www.policymattersohio.org/4percent-oct2013
Senate
bill 210 would take the savings from Medicaid expansion and use it
for an across-the-board income-tax cut that might buy a cup of coffee
for low-income Ohioans but would give the average top earner enough
for a trip to Paris.
“The
proposed income-tax cut would further tilt the tax system in favor of
affluent Ohioans,” said Zach Schiller, research director at Policy
Matters Ohio. “Ohioans would be better served if we rehired police
and firefighters, put teachers back in our classrooms, and invested
more to protect vulnerable elderly from neglect and abuse.” A
Policy Matters Ohio policy brief last week identified some of the
ways that savings from the Medicaid expansion could be used.
Under
Senate Bill 210 as it is now, libraries and local governments would
see additional annual reductions of millions of dollars a year, since
each receives 1.66 percent of tax revenues. It is also far from clear
that the anticipated savings from Medicaid expansion will match the
size of the tax cut that has been proposed.- See more at:
http://www.policymattersohio.org/4percent-oct2013#sthash.AZzvJZOa.dpuf
Paul Hunter
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