Ohio's unemployment rate was 7.3 percent in May, down from 7.4 percent in April, according to data released by the Ohio Department of Job and Family Services (ODJFS). Ohio's nonfarm wage and salary employment increased 19,600 over the month from the revised 5,139,300 in April to 5,158,900 in May.
State Sees Continued Rise in Revenue
Ohio tax revenue continues to hum along at a solid pace, finishing above estimates for the month of May and bringing total surplus revenue to nearly $400 million for the year.
State of Ohio Revenues Continue to Increase
State tax coffers continue to swell, backed by a surging April in which personal income tax receipts were nearly 7 percent higher than expected.
For the month of April — always a key month because that's when most people file their tax returns — state tax receipts exceeded projections by $84 million, bringing the state's surplus revenue to $350 million this fiscal year.
State Income Tax Rate Lowest in 30 Years, Revenues Still Up
Taxpayers filing last-minute returns today will be paying the lowest state income tax Ohio has seen in 30 years.
The rates that went into effect this year for last year’s earned income continue a downward trend and haven’t been lower since 1981 for people earning less than $80,000 per year, according to a Dayton Daily News analysis of Ohio Department of Taxation records.
ODOT – Nearly 9,500 Jobs in July Thanks to Stimulus
New monthly figures collected by the Ohio Department of Transportation (ODOT) reveal a record number of Ohio construction workers – nearly 9,500 across the state – had jobs on stimulus-funded transportation projects in July.
Ohio Home Sales Increase, Tax Breaks Credited
Home sales activity in Marion County and across Ohio posted gains in May, as buyers began to finalize purchases resulting from the federal home buyer tax credit program that expired a month earlier, according to statistics provided to the Ohio Association of REALTORS by the state’s Multiple Listing Services.