What is the current unemployment rate in Ohio?
What is the current unemployment rate in Ohio?
Ohio
| Data Series | Feb 2021 | Apr 2021 |
|---|---|---|
| Unemployment Rate(2) | 5.0 | 4.7 |
| Nonfarm Wage and Salary Employment | ||
| Total Nonfarm(3) | 5,302.2 | 5,304.0 |
| 12-month % change | -5.5 | 12.3 |
What is the unemployment rate in Ohio 2021?
5.4%
ODJFS Online – News Releases. Ohio’s unemployment rate was 5.4% in July 2021, up from 5.2% in June. Ohio’s nonagricultural wage and salary employment increased 19,200 over the month, from a revised 5,321,700 in June to 5,340,900 in July 2021.
What county in Ohio has the highest unemployment rate?
Erie County
The unemployment situation in Ohio and the U.S. is much better than it was during the height of the pandemic. SANDUSKY — Erie County still has the highest unemployment rate in the state, although it’s is now tied with two others.
What unemployment rate is considered full employment?
The Federal Reserve considers a base unemployment rate (the U-3 rate) of 5.0 to 5.2 percent as “full employment” in the economy. The recovery has now achieved that level, known technically as the Non-Accelerating Inflation Rate of Unemployment, or NAIRU.
What is Ohio’s current unemployment rate?
Since 2005 the unemployment rate in Ohio has ranged from 3.3% in April 2019 to 12.0% in January 2010. The current unemployment rate for Ohio is 4.2% for August 2019. See how other local areas compare by using our Unemployment Compare tool.
What is the unemployment tax rate in Ohio?
The Ohio 2020 state unemployment insurance (SUI) tax rates will range from 0.3% to 9.4%, up from the 2019 range of 0.3% to 9.2%. The 2020 SUI taxable wage base reverts to $9,000, down from $9,500 for 2018 and 2019.
What are the employment laws in Ohio?
Wage and Hour Laws in Ohio. The federal Fair Labor Standards Act (FLSA) sets the wage and hour standards employers must follow, including the minimum wage, overtime, and other wage protections. Employers must pay the highest minimum wage applicable to employees.
What is the income tax rate in Ohio?
The Ohio state sales tax rate is 5.75%, and the average OH sales tax after local surtaxes is 7.1%. Groceries and prescription drugs are exempt from the Ohio sales tax. Counties and cities can charge an additional local sales tax of up to 2.25%, for a maximum possible combined sales tax of 8%.