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Ohio’s unemployment rate holds steady in March at 5.1 percent

Published: Friday, April 21, 2017 @ 10:15 AM


            New York Times

Ohio’s unemployment rate was 5.1 percent in March, unchanged from the previous month, the Ohio Department of Job and Family Services reported today.

Ohio’s nonagricultural wage and salary employment decreased 4,100 over the month, from a revised 5,522,800 in February to 5,518,700 in March.

The number of workers unemployed in Ohio in March was 294,000, unchanged from February. The number of unemployed has increased by 9,000 in the past 12 months from 285,000. The March unemployment rate for Ohio increased from 5.0 percent in March 2016.

The U.S. unemployment rate for March was 4.5 percent, 0.2 percentage points lower than in February, and 0.5 percentage points lower than in March 2016.

Miamisburg shopping center sells for $3M

Published: Monday, June 26, 2017 @ 10:40 AM


            CONTRIBUTED

A shopping center in Miamisburg has sold for approximately $3 million.

The 100,000-square-foot Rand Plaza Shopping Center is located at 27 S. Alex Road at the corner of Ohio 725. The center is currently leased to approximately 13 tenants including Dollar General, H&R Block, Cassano’s and the Community Health Center.

The buyer and seller were represented by Vic Green Realty, and the Dayton Daily News has reached out to the firm for more information about the buyer.

Cincinnati airport sets record in May for passenger traffic

Published: Monday, June 26, 2017 @ 9:08 AM

More passengers flew out of the Cincinnati/Northern Kentucky International Airport last month than ever before.

Local traffic was up more than 16 percent year-over-year with 323,049 originating passengers, compared to 278,344 in May 2016, representing 44,705 new travelers coming through CVG’s front door. That’s more than any other month in the airport’s 70-year history.

The airport also set a record for cargo volume, handling 88,369 tons in May — an increase of more than 30 percent compared to 2016.

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In May, CVG offered nonstop service to 47 domestic and five international destinations, more than any other airport in the Tri-State region. CVG passengers, on average, are paying $170 less per round-trip ticket than they were two years ago.

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“At CVG, we’re embracing what’s next and planning for a bright future, as we work to continue breaking records by growing both passenger and cargo operations, and lowering airfares,” said Candace McGraw, chief executive officer for CVG. “The new activity and additional landed weight will enable CVG to continue lowering its landing fees, benefiting all carriers while ensuring we remain a great place to do business. CVG is operating its business in a very strategic way, and we’re seeing tremendous results.”

Two Ohio-made vehicles on top American-made cars index

Published: Monday, June 26, 2017 @ 9:38 AM

Honda assembles the Acura RDX at its East Liberty plant. CHRIS STEWART / STAFF

Two vehicles made in Ohio have made Cars.com’s 2017 “American-made” index for top American-made cars.

The vehicles are the Jeep Wrangler — including the Wrangler Unlimited four-door model — and the Jeep Cherokee, both made in Toledo, and the Acura RDX, which is made in East Liberty.

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The index ranks and measures according to location of assembly, content of domestic-made parts, where the engine and transmission are made and each automaker’s direct U.S. factory employment relative to its sales footprint.

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Of the Toledo-made Jeeps, Cars.com said their domestic-parts content were among the highest figures the web site has observed in this year’s ranking: 74 percent for the Wrangler, 75 percent for the Wrangler Unlimited and 70 percent for the Cherokee.

All engines and nearly all transmissions for the Wrangler and Cherokee originate in the United States, and Fiat-Chrysler assembles both in Toledo.

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Globalization is changing how the index is cast, the web site said.

“Over the American-made Index’s 11-year history, the number of models meeting our original criteria has fallen due to the globalization of automobile manufacturing, from more than 60 vehicles in the index’s inaugural year to eight last year,” Joe Wiesenfelder, Cars.com’s executive editor, said in a release.

“By the original requirements, only three 2017 models would have qualified this year. With that, we’ve revamped the (index) to account for the changing landscape and to reinforce factors representing the domestic economic impact when a buyer purchases one model versus another,” he added.

Cars.com said it analyzed more than 100 light-duty passenger vehicles built in the U.S. to arrive at the top 10.

Airbag maker declares bankruptcy

Published: Monday, June 26, 2017 @ 8:55 AM

Cars with Takata air bag recalls pile up on a lot at an auto dealership in West Palm Beach, Fla., Jan. 25, 2017. (Scott McIntyre/The New York Times)

Weighed down by lawsuits and the largest auto parts recall in history, Japanese air bag maker Takata began the process of seeking bankruptcy protection Sunday in in the United States and Japan.

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The manufacturer also said it would sell many of its assets to Michigan-based Key Safety Systems.

The recall has affected many local auto dealers and owners for months.

RELATED: Safety recalls have local dealers scrambling

“This will be a long process under the best of circumstances, and Takata going bankrupt, though not surprising, only adds to a potential increase in the time it takes to replace tens of millions of airbags,” said Karl Brauer, executive publisher for Autotrader & Kelley Blue Book. “It’s likely every automaker involved in this recall will have to subsidize the process because the value of Takata’s assets isn’t enough to cover the costs of this recall. There are still far more questions than answers on this topic.”

Media reports are calling this the biggest Japanese corporate bankruptcy in manufacturing.

To find if your vehicle is under recall, you can visit the National Highway Traffic Safety site.