Ohio’s Labor Market
Throughout this recovery, Ohio has had the most stubbornly high unemployment rate of any Fourth District state. Ohio’s rate has exceeded 6% in all but one month since January 2003, whereas the U.S. unemployment rate has fallen from more than 6% in mid-2003 to 5.0% this June.
Suggested citation: “Ohio’s Labor Market,” Federal Reserve Bank of Cleveland, Economic Trends, no. 05-08, pp. 15, 08.01.2005.