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Presidents’ Day Weekend

The OAKS Finance Module (including ELM and T&E) will not be available from 5:00 p.m. Friday, February 12 through 6:00 a.m. Tuesday, February 16, 2010. During this time, travelers will not be able to access Travel and Expense. For assistance, please contact the OAKS Helpdesk.


Monthly Report on Ohio’s Economy and State Finances
Tuesday, January 19, 2010

Evidence throughout the nation signals the economy is beginning to emerge from a steep recession. We’re seeing encouraging signs in Ohio’s manufacturing sector, particularly in auto and steel. Consumers are still hesitant in their spending, and as a result, we are seeing some softness in sales tax revenues.

Nationwide, job losses were widespread across all sectors. More than half of the new jobs in the professional and business services category were created through temporary help agencies. The incidence of unemployment remains severe with a new all-time national high of 28.5 weeks. For Ohio, unemployment is hovering at about 10.6% statewide.

Revenue receipts are still right on target for the sixth month in a row and spending continues to remain at our below estimated levels. . This month’s supplement on the American Recovery and Reinvestment Act indicates that of the $8.2 billion that the state is expected to receive during this three-year program, approximately $2.55 billion has been received and $2.49 billion has been expended.


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Director J. Pari Sabety
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