It’s only a matter of time until the economy, both in Ohio and nationally, turns around.
Despite the President’s efforts, unemployment will start to shrink again and people will go back to work.
We all understand that recessions happen. Historically speaking, they’ve been a part of our cyclical economy.
With all that in mind, the question we must ask our leaders is this, how long should it take us to get out of that hole?
Well, according to the National Bureau of Economic Research, none of the United States’ ten recessions, prior to this one, have lasted longer than 16 months. And on average they’ve lasted 10.4 months.
So with that in mind, how long has it been since we’ve seen Ohio’s unemployment rate go down?
16 months.
Shouldn’t we be turning around by now, Governor?
