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Ohio Initial Jobless Claims In Perspective

US DATA
  • We touched upon the recent decline in the level of initial jobless claims in Ohio in the earlier bullet.
  • The below more easily shows the comparison with some key states, which for the most part continue to track much more closely with typical seasonal patterns in non-pandemic years.
  • Ohio has most recently seen a -2.9k decline to 10.5k in the week to Sep 2. The press releases have attributed the last two larger declines of -4.6k the prior week and -5.9k before that to “fewer layoffs in the manufacturing industry”.

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