Ohio Continues to be Recognized as a Top 10 Business Climate
August 22, 2022
Nearly 140 Ohio companies made the Inc. 5000 list of the fastest growing private companies. Ohio’s unemployment rate remained at 3.9% in July; Nonfarm employment increased by 7,000.
Ohio's unemployment rate was 3.9% in July, unchanged from June. Labor force participation was 61.9% during the month, down slightly from 62% in June. Nonagricultural wage and salary employment increased 7,000 over the month. Ohio recorded 12,790 new business filings in July. A total of 107,859 new businesses have been created in 2022 so far, averaging 15,408 per month.