TOLEDO -- The jobs numbers are out and it shows the unemployment rate has dropped to 8.1%. It sounds like good news until you realize the 96,000 jobs added falls short of the 120,000 expected.
At the source in downtown Toledo, you'll find a room full of unemployed people looking for work. The best news they can hear is they're hired and people like Walter Alvin Young is doing his best to stay optismistic,"there's a possibility that I get hired. If it's dropping, it means there's a lot of employees out looking for people to work," says Young.
Economics professor Gbenga Ajilore at the University of Toledo warns people like young shouldn't put too much hope on reduced jobs numbers. While the rate dropped from 8.3 to 8.1 % there's many factors to consider.
"It's really difficult to break these numbers down without actually talking to the people who dropped out, cause sometimes people drop out because they realize, my skills are not valued in this market. I need to go back to school," explains Ajilore.
So how does local unemployment rates compare to the national numbers? According to the Ohio Department of Jobs and Family Services. In Ohio, unemployment stands at 7.2 %. But in Toledo the rate is much higher at 9.1% and Lucas County is at 8.3.
Economist like Ajilore stress if you're looking for a quick solution, it's not there, "Again there's still growth, but it's very slow growth and it's the kind of growth that won't decrease the unemployment rate."
Professor Ajilore adds these numbers are dependent on the number of jobs added as well as global events abroad.
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