Many of us simply think of Labor Day as a day off from work or school. To an extent, that was the original intent for the holiday, to give the American worker a much needed day to rest. However, it was conceived with a deeper meaning: to celebrate the achievements and contributions of American workers.
From the Industrial Revolution to the Space Race, American ingenuity and hard work has always risen to meet the challenges facing our nation. Even as we recover from tough economic times, I see those same traits in much of our workforce. It is paying off.
Wages in Ohio are growing faster than the national rate. Ohio’s unemployment rate has dropped from 9.1% in 2011 to 5.7% today. Also, recent reports from the U.S. Department of Commerce show that Ohio set a new state record for exports in 2013. Sitting at about $50.5 billion, exports in Ohio are growing about twice as fast as the national average. That points to a strong rebound in our manufacturing sector, showing that Ohioans win when we create things with our own hands.
Ohio is on the rebound, and much of our success is due to our dedicated workers.
Ohio workers are seeing the fruits of their labor. In the past two years alone, I have voted in favor of over $3 billion in tax cuts because I believe that working Ohioans know how to spend their money better than the government does. Since last year, every Ohio taxpayer has seen a 10% reduction in their income taxes, keeping more money in the pockets of Ohioans.
We’re not out of the woods yet, but the numbers tell a story. Ohio is quickly becoming the model for economic growth in both the Midwest and the nation. If I can ever be of assistance to you or if you would like to weigh in state issues, please do not hesitate to call my office at 614-466-5838 or send me an email at Schaffer@ohiosenate. gov. I wish you and your family a happy and safe Labor Day.