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Thursday, August 22, 2013

Ohio Job Growth Still Disappointing, But Shale Boom's Impact on Sales Clearly Being Felt

From The Columbus Dispatch:
In those counties, sales-tax receipts were up 20 percent in 2012 compared with the year before, based on an analysis of data from the Ohio Department of Taxation, the report said.
At the same time, employment in the area was up 0.6 percent in 2012. This is better than the net losses the region had reported as recently as 2010, but exploitation of shale assets has not yet proved to be a jobs bonanza.
“We are not going to see this field fully built out for another few years,” said Ned Hill, dean of the Levin College of Urban Affairs at Cleveland State and co-author of the report. “It doesn’t mean we’ve missed the boat. It means the boat has not yet pulled up to the dock.”
Read the full article by clicking here.

The repeated refrain on jobs is that it is still early, and that greater impacts will be coming.

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