Ohio continues to outpace the U.S. when it comes to job creation.
State employers added 10,900 jobs last month, bringing the total number of jobs created over the past year to 115,400, one of the strongest periods of job growth in the state since the recession ended in 2009, according to an Ohio Department of Job and Family Services report released Friday.
The job growth rate of 2.1 percent over the past year is running ahead of the 1.7 percent rate nationally. The state also set another record for employment with 5.65 million jobs.
"It’s another good-looking report. It’s really kind of an amazing string of them," said Tom Jackson, an economist with IHS Markit research and analytical firm. "Ohio has really stood out lately."
Despite the gains, Ohio’s unemployment rate remained at 4.6 percent in October for the fourth straight month.
The monthly report is made up of two surveys, one of households and one of employers, and they both don’t always move in the same direction.
In fact, as the state has been adding jobs, Ohio’s labor force has shrunk by 15,000 workers over the past year.
The number of jobless workers in the state held steady at 266,000 last month.
Job growth in Ohio shows the state is benefiting from the stimulus of the corporate tax cuts along with increased spending by the federal government, said Bill Adams, a PNC Bank senior economist.
"Fiscal stimulus is creating more demand. That’s more revenue for business and that’s more hiring," he said.
Also, the state is benefiting from its dependence on manufacturing, he said.
"You’re a manufacturing-heavy state and when manufacturing is doing well then we benefit," Adams said.
Job gains were spread across several sectors last month: private education and health care, 3,600 jobs; professional and business services, 3,600 jobs; trade, transportation and utilities, 2,200 jobs; leisure and hospitality, 2,000 jobs; and manufacturing, 1,400 jobs.
A sector called "other services", which includes repair shops, hair and nail salons, and weight-loss services, lost 1,100 jobs last month, the most of any sector. Financial services lost 800 jobs.