Post-Recession Job Growth Reaffirms Worst Fears of Kasich Economy
National Public Radio’s economic series, Planet Money, today released a comparison of post-recession job gains and losses on a state-by-state basis from Jan. 2008 to May 2014. The comparison shows Ohio ranks 41st in post-recession job growth, with jobs shrinking by 2.4 percent in the Buckeye State.
The data is contrary to the Kasich Administration’s belief that Ohio’s economy has been a national leader in job growth under Kasich’s watch. The governor and his allies spent much of 2013 and the first part of 2014 saying Ohio was ninth in job creation nationally, a statistic widely panned as faulty for failing to disaggregate job growth based on Ohio’s labor force. Democrats often point to Arizona State University’s WP Carey School of Business for state-by-state job growth rankings. According to the university, Ohio finished 2013 as 44th nationally in job creation, and currently ranks 38th.
“This shows what many Ohioans and Democrats have been saying about Governor Kasich’s economy all along,” said House Democratic Leader Tracy Maxwell Heard (D-Columbus). “His recovery for the rich is not creating jobs for the rest of Ohio. Tax cuts targeted at the wealthy aren’t creating the job growth Governor Kasich promised.”
The collapse of Wall Street in the fall of 2008 triggered a global economic recession that impacted states all across the country, including Ohio. Ohio began to recover from the Great Recession in March 2010 when the unemployment rate first started to drop. Over the next 12 months, and before any of Gov. Kasich’s policies were in place, the unemployment rate would continue to drop to 8.8 percent, from over 10 percent, by March of 2011.