400 people at one of Painesville’s largest employers were notified of layoffs Friday. Core Systems, LLC is shutting down productions after 50 years in the manufacturing industry. The company makes custom molded parts in the appliance industry for clients including GE, Whirlpool, Bosch and Electrolux. Core Systems President Bill Loebbaka says the lender gave the order to … Continue reading
Unless Congress acts, the mandatory budget cuts ($120 billion per year for 10 years, or $1.2 trillion dollars) enacted by the Budget Control Act of 2011, commonly called the sequester, will take effect March 1, with far-ranging effects across many government agencies and to our great state of Ohio. Among the federal-government agencies affected would … Continue reading
The gas and oil industry’s development of Ohio’s Utica shale supported nearly 39,000 jobs in the state in 2012 and generated $1.5 billion in taxes, a new economic study commissioned by the industry estimates. Released Wednesday as part of a multi-state analysis by IHS, Inc., a global market information and analytical company, the study noted … Continue reading
The Ohio Department of Commerce announced that minimum wage will increase by 15 cents, from $7.70 to $7.85 an hour, beginning Jan. 1. That means that in less than two months, Ohio’s minimum wage will reach 60 cents above the federal minimum wage of $7.25 per hour. For employees who receive tips, the new minimum … Continue reading
Between 300 and 400 Timken employees are facing temporary layoffs, after a poor third-quarter showing by the company. In a statement to Fox 8 News, a spokesperson says Timken Steel has experienced lower customer demand across its market sectors. As a result, operational schedules have been adjusted over the last few months, resulting in 160 employees … Continue reading
The No. 1 issue facing manufacturers in Ohio is the difficulty finding qualified skilled workers to meet the needs of the industry in the state, according to sources at the Manufacturing and Distribution Update held June 27 at The Pinnacle in Maumee by Gilmore, Jasion & Mahler Ltd. (GJM). Staff members from GJM learned about … Continue reading
More than 280,000 Ohioans will exhaust their unemployment benefits by December, according to a report out Wednesday from the Ohio Department on Job and Family Services. The number of people running out of unemployment will reach more than 7,100 by December – with peaks in the months of April (986 people) and December (4,233 people), … Continue reading
In 2011, 30 states posted statistically significant unemployment rate decreases, the largest of which was in Michigan (-2.4 percentage points). Four additional states experienced decreases greater than 1.0 percentage point: Ohio (-1.4 points), Utah (-1.3 points), Oregon (-1.2 points), and Indiana (-1.1 points). The remaining 20 states and the District of Columbia reported annual average unemployment rates for 2011 that … Continue reading
The burgeoning energy boom in eastern Ohio will create or support 65,680 jobs by 2014 while boosting the state’s economy, according to a study released this morning. The study by the Ohio Shale Coalition is at least the third to look at the potential development of the oil and natural gas Utica shale. Other recent … Continue reading
Thousands of Ohioans could see their extended unemployment benefits cut short as early as this spring as the federal government pares back the duration of benefits from an unprecedented 99 weeks. Congress last week reauthorized extended benefits through the end of the year for millions of unemployed Americans, including about 100,000 in Ohio. The federally … Continue reading
In recent weeks, area manufacturers have peppered veteran affairs offices and job training centers with requests for veteran job candidates, preferably people fresh from the fight in Iraq or Afghanistan. Cuyahoga County recently welcomed a veteran job specialist — becoming the first county in Ohio to do so — and some major employers are instructing … Continue reading
Just a few months ago, Illinois gave retail giant Sears $275 million to keep its corporate headquarters in the state, after Sears threatened to move elsewhere (including, potentially, Ohio). To show its appreciation for receiving millions in taxpayer funds, as Greg Leroy pointed out at the Clawback blog, Sears announced last week that it will … Continue reading
Thank you state Sen. Jean Leising for authoring Senate Resolution 10, establishing a study committee “to study the causes of and solutions for higher than state average unemployment rates and lower than state average per capita income in certain Hoosier counties” (New Castle Courier Times, Jan. 24). The American dream of upward mobility for the … Continue reading
Hiring is in high gear at the Horseshoe Casino Cleveland, set to open in May with 1,600 new dealers, bartenders, servers, cashiers and other workers. Officials with developer Rock Gaming and operating partner Caesars Entertainment say the hiring process in Cleveland foreshadows what happens in Cincinnati. The Horseshoe Casino Cincinnati is set to start hiring … Continue reading