“That’s just a catastrophic disaster,” said George Zeller, a Cleveland-based economic analyst.
Zeller compiled the data from the federal government’s Quarterly Census of Employment and Earnings, an actual count of jobs and paychecks, not a survey based on sampling, he said.
The manufacturing job losses were part of a downward spiral that saw the state drop 587,743 jobs overall during the 2000s’ recession, a dip of nearly 11 percent.
While it took less of a blow in terms of manufacturing jobs, Butler County was among the state’s biggest losers in terms of finance and insurance employment at the tail end of the study, reportedly suffering a 14.7 percent loss – 1,293 jobs – from 2008-09.
Massive job losses resulted in huge declines in paycheck wages across the state. Butler County managed to somehow escape the brunt of those losses, actually posting a net gain of $113,717 from 2000-08.
Statewide, there was an inflation-adjusted drop of $22.3 billion a year in aggregate wages from 2000-09, a 10.7 decline.
According to the most recent unemployment rates available, 10.8 percent of Butler County residents are out of work. Hamilton and Middletown each posted an unemployment rate of 12.1 percent, according to statistics from the Ohio Department of Job and Family Services.