Article source for : Two different views on Toledo's job market
A couple of stories from earlier this month.
Sep 11, 2007 Toledo Blade "story":http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20070911/BUSINESS09/709110337 :
q.
Metro Toledo ranks among the best cities in the state in terms of hiring for the October through December period in a new survey. Adding workers is expected by 37 percent of area firms and cutting payroll is planned by 3 percent of companies in the fourth quarter of the year. The survey shows Toledo better than or equal to the hiring plans in 16 other metro areas in Ohio.
q..
I believe metro Toledo includes the counties of Lucas, Wood, Ottawa, and Fulton.
br. Sep 10, 2007 bizjournals story titled "Where the hottest job markets are":http://www.bizjournals.com/edit_special/55.html. Toledo is in the coldest 10.
q.
There is a geographical sameness to the bottom 10. Three lagging markets are in Michigan, and four are in next-door Ohio.
q..
10 Coldest Job Markets
# Detroit
# New Orleans
# Youngstown
# Dayton
# Cleveland
# Lansing
# Toledo
# Springfield, MA
# New Haven, CT
# Grand Rapids, MI
About Toledo from the article:
q.
Unemployment is spiking upward in Toledo -- from 5.9 percent a year ago to 6.6 percent by the middle of 2007. The latter is the fifth-worst jobless rate in any major market. The number of jobs in Toledo is slowly trending in the opposite direction -- down 700 in the past 12 months.
Quick stats
* Private-sector jobs as of mid-2007: 286,300
* Unemployment rate as of mid-2007: 6.6%
* Private-sector trend since mid-2002: Lost 900 jobs
* Five-year growth rate: -0.3%
* Private-sector trend since mid-2006: Lost 700 jobs
* One-year growth rate: -0.2%
q..
br. Sep 21, 2007 mlive.com "story":http://blog.mlive.com/grpress/2007/09/state_house_passes_income_tax.html :
q.
LANSING -- The Democrat-led state House continues to get tangled up in tax debates as it tries to resolve a projected budget crisis for the fiscal year that starts Oct. 1. The House was again voting early today on a proposal to increase the personal income tax rate from the current 3.9 percent to 4.6 percent. The proposal could raise about $1.1 billion for the state next fiscal year, leaving more than $600 million of a potential deficit to be eliminated by cuts or other revenue sources.
All this week, Gov. Jennifer Granholm has showcased what the income tax funds in the budget -- public safety, health care and education. She said the *tax hike was critical* to protecting vulnerable citizens and to *"save the state"* from a government shutdown when the new fiscal year begins on Oct. 1.
q..
Feb 2007 Toledo Talk posting - [[Stats on Ohio's taxes and small business environment]]
br. Other Toledo Talk postings:
* Mar 2003 - "Toledo may not be attractive to 'new economy'":http://www.toledotalk.com/cgi-bin/comments.pl/3/148
* Oct 2003 - "Toledo leads state in high-tech job growth ":http://www.toledotalk.com/cgi-bin/comments.pl/19/330
* Mar 2004 - "Toledo is entrepreneur-friendly":http://www.toledotalk.com/cgi-bin/comments.pl/3/531
* Jun 2004 - "Toledo loses business incubator":http://www.toledotalk.com/cgi-bin/comments.pl/3/623
* Feb 2005 - "Ohio's job losses":http://www.toledotalk.com/cgi-bin/comments.pl/3/941
* Aug 2005 - "Top-paying jobs flee Lucas Co.":http://www.toledotalk.com/cgi-bin/comments.pl/3/1365#7623
* Nov 2005 - "Business-friendly scale":http://www.toledotalk.com/cgi-bin/comments.pl/3/1591
* Jan 2006 - "Job Postings Per Capita":http://www.toledotalk.com/cgi-bin/comments.pl/3/1832
* Feb 2006 - "Metro Toledo ranks near last for job growth":http://www.toledotalk.com/cgi-bin/comments.pl/3/2001
* Apr 2007 - "Toledo rated most business friendly":http://www.toledotalk.com/cgi-bin/comments.pl/3/3725
