The good news?
Unemployment in Ohio decreased from 10.9% to 10.7%.
Also, the number of unemployed Ohioans decreased by 11,000.
The bad news?
It’s likely not going to last. Why? There were 16,000 temporary workers hired by the census. They aren’t going to stick around for long.
Earlier this week, to not much fanfare, the Governor’s Council of Economic Advisors told us to expect unemployment to stay over 10% all the way into 2012.
Two more years?
Well, I guess under the policies of Ted Strickland, that would make sense.
Today, Strickland is expected legislation that would decrease taxes for those companies looking to advance “green” energy policies.
That is an implicit admission from the Governor that 1) a lower tax burden attracts business, and 2) Ohio’s current tax burden is too high to attract business.
Rather than cherrypicking the Guv’s favorite trendy industry, why can’t he lower the tax burden of all businesses?
Until Ohio’s business tax burden for businesses is more competitive than those states and nations it competes with, the Buckeye State will continue to lose out.