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Published: Friday, May 19, 2017 @ 9:43 AM
Updated: Friday, May 19, 2017 @ 10:05 AM
Ohio’s unemployment rate edged down to 5 percent in April from 5.1 percent in March even as employers statewide eliminated 5,700 jobs over the same period, the Ohio Department of Jobs and Family Services announced Friday.
The biggest job losses were in construction and manufacturing, which last month shed 7,400 and 5,800 jobs, respectively, according to the jobs report. The losses offset gains in professional and business services (+6,100), and leisure and hospitality (+5,000).
Jon Keeling, a spokesman for the state jobs department, attributed the loss of construction jobs to seasonal adjustments “since it seems most construction workers were hired earlier this year.” Since December 2016, construction jobs are up by 8,200, Keeling noted.
The decrease in the manufacturing sector was largely the result of temporary layoffs by Chrysler as they shift production of the Jeep Cherokee out of Toledo to make room for the next generation Jeep Wrangler, Keeling said. Chrysler has indicated all of those jobs will return.
Overall, 288,000 Ohioans were unemployed in April, down 5,000 from 293,000 in March, according to the report, which showed the number of unemployed has increased by 5,000 in the past 12 months from 283,000.
At the same time, Ohio’s labor force — or the number of people working or actively seeking jobs — grew by 21,000, pushing the state’s labor force participation rate to 63.1 percent — slightly above the national rate of 62.9 percent in April.
“Workers enter the labor force when they have confidence in the economy, and Ohio’s labor force has been surging over the past year,” Keeling said, noting Ohio’s labor force has grown by 76,000 over the past 12 months.
Published: Thursday, March 22, 2018 @ 12:24 PM
Good Samaritan Hospital will close before Aug. 29.
Premier Health, which operates the northwest Dayton hospital, announced in January that Good Samaritan would close before the end of the year and today gave a tighter time frame for the closure.
“While we had initially communicated a closing toward the end of the year, we did say that some dynamics could result in a different closure date, due to the unpredictability and complexity that understandably comes with such transitions,” Premier stated.
Premier said it will give an exact date in the coming months.
When the Philadelphia Drive hospital closes down, it will move 1,600 jobs out of the northwest Dayton neighborhood where it has served as an anchor for nearly a century.
The main campus will be torn down after the hospital closes. City Wide Development and Planning NEXT, a design firm based in Columbus, are working with Premier on a plan for the site and the first public meetings on the site’s future are today.
More on Good Samaritan Hospital
Published: Thursday, March 22, 2018 @ 4:54 PM
A Springboro maker of pressure-activated chemiluminescent writing devices that can be used by soldiers on the battlefield or police in the field received state money Thursday to help move the new technology out of the lab and into the marketplace.
The Ohio Third Frontier Commission approved $2.1 million for several companies and schools to move new technologies out of the lab and into the marketplace. Many of these innovative products could advance medicine and improve outcomes for patients.
“We are helping to advance these technologies and get them to market where they can make a difference,” said David Goodman, director of the Ohio Development Services Agency and chair of the Ohio Third Frontier Commission.
Battle Sight Technologies in Springboro was awarded $100,000 to build, test and scale up manufacturing for a new prototype of its pressure-activated chemiluminescent writing device. It’s a glow stick you can write with, according to the company.
Battle Sight Technologies was started by Nick Ripplinger and Bennett Tanton in August 2017.
•University of Dayton Research Institute was awarded $200,000 to create the Miami University/University of Dayton Technology Validation and Start-up Fund.
FIVE FAST BUSINESS READS
Published: Thursday, March 22, 2018 @ 10:52 AM
Updated: Thursday, March 22, 2018 @ 1:54 PM
AES Ohio Generation, formerly Dayton Power & Light, will lay off approximately 370 workers in Aberdeen and Manchester at two power plants.
The company is permanently closing two generation plant facilities located at 745 US 52 in Aberdeen and Killen Station located at 14869 US 52 in Manchester. This will also result in the closure of a training center located in Manchester, according to a notice sent to state officials.
The company anticipates these facilities will close by June 1, but the expected layoff date could be earlier. About 260 of the 370 workers are part of Utility Workers Union of America Local 175.
The closures were previously announced last March. A company spokeswoman said they are “proactively managing workforce transitions related to the closure of these generation units,” including contributing $2 million for the purpose of workforce development and job retraining in Adams County. The company will also offer employment services including interview preparation and resume editing for impacted employees.
The plan closings also come years into what has been seen as a challenging environment for coal. The Obama administration put forward its plan for reducing national dependency on coal, called the Clean Power Plan, but the plan is being contested in courts, and the new Trump administration is seen as more open to coal usage.
The two power generation stations — known as the Killen and Stuart stations — have been operated since the 1970s. DP&L owns 5,500 acres in Adams County, controlling seven miles of Ohio River-facing property.
FIVE FAST BUSINESS READS
Published: Thursday, March 22, 2018 @ 3:16 PM
Charles Lazarus, who founded Toys ‘R’ Us, has died.
The retailer confirmed that Lazarus, 94, died this morning. He no longer had any ownership position in the chain, but he started the company when he was 24 years old in 1948. He served as CEO until 1994.
“There have been many sad moments for Toys”R”Us in recent weeks, and none more heartbreaking than today’s news about the passing of our beloved founder, Charles Lazarus. Our thoughts and prayers are with Charles’ family and loved ones,” the company posted on Twitter.
» MUST-READ BUSINESS NEWS: Toys ‘R’ Us files for bankruptcy: What’s really going on?
Toys ‘R’ Us Inc. voluntarily filed for relief under Chapter 11, in September 2017. Toys R Us was $5 billion in debt, as of April 29. At the time of bankruptcy, the company said it would close about one-fifth of its store locations. Closing sales are expected to conclude in April.
The retailer will shut or sell all of its 735 U.S. stores. Customers should use any gift cards before April 20.
Toys “R” Us liquidation sales are expected to start on Friday. Approximately 31,000 employees will ultimately be laid off due to the store closings. The retailer has locations in Miami Twp. and Beavercreek.
FIVE FAST BUSINESS READS