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Another highlight for Ohio is moderate wage growth, which is increasing nearly 12 percent faster than the national rate, Crow said.
But fewer people are working, said Miami University economics professor Michael Lipsitz. The employment to population ratio has been dropping this year, meaning fewer working age people are looking for jobs.
“Some of the gains we’ve historically seen when the unemployment rate is low, workers bargaining for higher wages, are still not materializing,” Lipsitz said. “In fact, earnings increases are just barely keeping up with inflation.”
If earnings start increasing at a higher rate, that’s when the economy will show that its benefiting workers, he said.
The website for Ohio Means Jobs has more than 100,000 job openings listed and more than half pay more than $50,000 per year.
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