United States Congress Joint Economic Committee

Ohio

July 2024

Select a State
Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming
June Employment Update
Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
Ohio Unemployment (U-3) 3.9% 4.0% 4.0%
U.S. Official Rate (U-3) 3.7% 3.7% 3.4%
U.S. "Real" Rate (U-6) 7.0% 7.1% 6.7%
Ohio Labor Force Participation Rate 61.4% 61.2% 61.6%
U.S. Labor Force Participation Rate 62.6% 62.5% 62.6%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 3.4% 3.1% 6.5%
"Core" CPI Inflation 3.9% 4.0% 5.7%
National Gas/gal. Updated 7/26/24 12:00 AM $3.52 $3.49 $3.69
Ohio Gas/gal. $3.60 $3.54 $3.46
Midwest Region: Loaf of Bread $1.97 $1.91 $1.87
Midwest Region: Milk/gal. $2.57 $2.62 $2.17
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q2/2024 (Advance Estimate)
2.8%
OH Real GDP
Q1/2024
-0.3%
S&P 500 (YTD)
0.29% Updated 1/16/24 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
OH Hourly Rate
$9.30
Last Generated: 7/26/24 10:05 AM