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Unemployment was down in most major cities and counties in the Miami Valley last month, continuing a steady decline in unemployment in the local area since the beginning of the year.<\/p>\n
Unemployment declined for the fifth consecutive month in Dayton and Montgomery County in May, and both rates were down from a year ago, the Ohio Department of Job and Family Services reported Tuesday.<\/p>\n
Still, economists warn that a declining unemployment rate does not necessarily mean the economic recovery is gaining strength.<\/p>\n
\u201cThis area has lost a lot of relatively high-paying manufacturing jobs, so even if we are seeing the unemployment rate come down, I\u2019m concerned about how much those jobs are paying people,\u201d said Rudy Fichtenbaum, a Wright State University economics professor.<\/p>\n
Read more at western-star.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" ((Excerpt)) Unemployment was down in most major cities and counties in the Miami Valley last month, continuing a steady decline in unemployment in the local area since the beginning of the year. Unemployment declined for the fifth consecutive month in … Continue reading