Spring has finally arrived and so has what economists call the “Spring Swoon”. According to the New York Times, our annual “Spring Swoon” is when employers taper off hiring new employees. The National spring hiring slumber doesn’t seem to have taken hold of a very “Conscience” Upper Miami Valley.
Regionally, Ohio’s Job and Family Services has pegged a 16,000 jobs increase to our State in March. Many of our clients have been adding new positions which is keeping HR Associates’ Recruiters very busy. The unemployment rate in the Upper Miami Valley has held steady at 7% throughout the first quarter of 2013.
Excecutive Director, Bill Murphy of GrowPiquaNow.org was one of the key speakers at Piqua’s 2013 State of Economic Develpoment Report meeting at Fort Piqua Plaza’s Grand Ballroom on April 18th. According to Murphy, Piqua saw $11.3 Millon in construction activity in 2012 which was the second year in a row with multi-million dollar increases in investment. With commercial investment being the lions share of the consturction, employers will continue to drive the unemployment rates downward.
Our reluctant local economy is growing because we all have made great strides toward getting our communities back to work. Reviving our workforce up to 7% unemployed most definitely feels different than the 11%-13% rate of 2009. As our workforce continues to grow and spend, our local economy will strengthen back to pre-recession levels.
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