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|Weekly News and Opinion from Ohio's Newspapers|
January 17 - 23, 2012
|Welcome to the latest issue of Economic News from Ohio's Regions, a regular weekly newsletter from the Maxine Goodman Levin College of Urban Affairs and Cleveland State University. We'll search Ohio's papers to bring you economic news and key happenings that impact Ohio's regions.|
More job growth forecast in Q1, Q2
(Dayton Daily News, January 17, 2012)
The Dayton metro area will see continued job growth through the first half of this year, according to a recently released forecast from Wright State University. The forecast predicts a total gain of nearly 5,000 jobs by the end of the second quarter, compared to the same period last year.
Developing workforce key to Ohio's future
(Ironton Tribune, January 19, 2012)
As the economy continues its slow recovery, a chronic frustration festers. Many employers report difficulties finding skilled employees, despite high unemployment levels. The skills deficit was noted again in a recent report on Ohio by the Federal Reserve Bank of Cleveland.
Cities need helping hand in battling housing blight
(Youngstown Vindicator, January 19, 2012)
How difficult is it for older communities like Youngstown to address the seemingly intractable problem of vacant and abandoned houses? Recall what occurred last June in City Hall as then Mayor Jay Williams and members of council were getting ready to spend a large portion of a $1,096,328 federal grant on demolition.
Education is key in local business
(Cincinnati Enquirer, January 20, 2012)
Employers from all over Greater Cincinnati and Northern Kentucky continue to share their concerns about available workers. As the economy improves and unemployment numbers drop, businesses will be faced with a mounting issue: Where to find qualified workers? Northern Kentucky and Greater Cincinnati must be able to answer, "HERE!"
Toledo budget forecast hurt by casino opening delay
(Toledo Blade, January 20, 2012)
Now, with an expected two-month delay in the casino's opening, city officials said Thursday that they're bracing for an estimated $1.1 million shortfall in tax revenue.
Bargain prices may hurt housing market
(Dayton Daily News, January 20, 2012)
Ohio last year posted its first gain in single-family home sales since 2005, but until the inventory of distressed properties is cleared, a quick recovery in the housing market remains unlikely, an economic researcher said.
Jobless rate falls to 8.1, below U.S. average
(Toledo Blade, January 21, 2012)
Data released Friday by the Ohio Department of Job and Family Services show Ohio's seasonally adjusted unemployment rate for December was 8.1 percent. That's down from 8.5 percent in November and 9.5 percent in December, 2010. The U.S. unemployment rate for December, released two weeks ago, was 8.5 percent.
Chamber urges regional approach to job creation
(Chillicothe Gazette, January 22, 2012)
Pike County leaders need to partner more with neighboring communities to be mutually successful and attract new jobs, said Ken Reed, who serves as Pike County Community and Economic Development director.
Editorial: City cannot let stadium decline
(The Plain Dealer, January 22, 2012)
Here's the bottom line that no amount of fuming from critics who wish Cleveland Browns Stadium had never been built on the lakefront -- and on the taxpayer's dime -- or from anguished fans upset by 13 seasons of almost uninterrupted disappointment can change: The city of Cleveland owns the stadium and has a responsibility to maintain its asset.
Editorial: Lost in the city
(Akron Beacon Journal, January 22, 2012)
Few indicators reveal more about the struggling economy than the drop in real median income for American households the past decade. It stood at $53,252 in 1999. Today? The figure is $49,455, or 7.1 percent lower.
Once dead auto-part plant resurrected
(Akron Beacon Journal, January 22, 2012)
A once-closed auto-parts plant has been resurrected with the state's help and is hiring dozens more workers.
Retail sales expected to rise, national growth not reflected locally
(Middletown Journal, January 22, 2012)
Despite the prolonged uncertainty over job growth and persistently high unemployment that cast a dark cloud over the nation's economy, retail sales are expected to rise this year.