2017-12-06 / News

Unemployment Hits New Low In County

The Ohio Department of Job & Family Services said the Fulton County unemployment rate hit a new low for 2017, coming in at 4%.

During 2017, unemployment in the county has ranged from a high of 6.2% in January to the new low of 4% in October.

Economists generally consider a 5% unemployment rate as “full employment.”

Three of the counties in the four-county area had 4% rates. Henry and Williams were also at 4% for October. Defiance County was at 4.3%.

Since this newspaper began keeping detailed records in December 2008, the estimated unemployment rate was 4% four times: Aug. 2016, October 2016, November 2016, and October 2017.

The lowest rate the county has seen in the last 107 months (almost nine years) has been 3.9%, in August and October 2015, and May 2016.

Unemployment in Fulton County has been 4.9% or lower 27 times since December 2008.

During October, there were 900 unemployed workers in Fulton County, with 21,800 employed, for a total labor force of 22,700.

High, Low

Out of the 88 counties in Ohio, unemployment rates went down in 39, went up in 23, and did not change in 26.

The lowest rate was 2.8% in Mercer County, on the Indiana border in central Ohio. Mercer County has held the lowest-rate title for 19 consecutive months.

The highest rate was in Monroe County, in southeastern Ohio on the West Virginia border, at 7.1%.

State, Nation

All county unemployment data is not seasonally adjusted. Comparable figures for Ohio and the nation as a whole were 4.5% and 3.9%, respectively.

When seasonal adjustments are applied, Ohio was 5.1%; the national rate was 4.1%.

During October, there were 260,700 people unemployed in the state. There were more than 5.5 million working, for a total labor force of about 5.77 million.

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