Ohio Labor Force Lags National Average But Outperforms Expectations, Thousands More Workers Available With Small Gains
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Ohio's labor force participation rate lags the U.S. average, meaning fewer working-age Ohioans have a job or are looking for one.
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But a Cleveland Fed report says Ohio is overperforming based on its demographics.
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Small changes in Ohio's participation rate equal thousands more available workers.
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The rate is an important metric for employers needing to fill job openings.
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Even a 0.1% increase means about 9,400 more Ohioans available for work.