The state officials are preparing to release its monthly job figures this morning including unemployment numbers.
The figures include statewide labor force data for August and the unemployment rate. The rate has remained at 7.2 percent for two consecutive months.
The unchanged percentage rate in July stalled 11 consecutive months of decreases in Ohio's jobless rate.
â??Weâ??re starting to see some stability in the labor market,â?? said Ward McCarthy, chief financial economist at Jefferies & Co. Inc. in New York, told Bloomberg News. â??The labor market is that it continues to move in the right direction, but probably not as fast as Fed officials would like. Weâ??re going to get a better handle on that tomorrow.â??
These are still the lowest level since 2008 and more than 1 point below the U.S. unemployment rate.
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