12:26 pm
Thu July 26, 2012

Unemployment insurance claims in Ohio declined last week

The Labor department says the number of applications for unemployment insurance benefits in Ohio fell last week by 31-hundred, the fifth largest decrease among the fifty states. Nationally, claims fell by 35-thousand to a seasonally adjusted 353-thousand, the largest decline since February 2011. Economists say the numbers reflect temporary summertime layoffs in the auto industry. Applications must fall consistently below 375-thousand to lower the unemployment rate. Meanwhile state employment officials say the jobless rate for the Columbus-area rose to six-point-five-percent in June, up nearly a half-percent from May.  Local economists say it's a sign of an increase in the number of college graduates looking for work.