Politics and Ohio’s Economic Performance

Politics and Ohio's economic performance

For this post, I want to focus on politics and Ohio’s economic performance in relation to the party in power. There’s been much said over whether the economy does better under Republicans or Democrats at the national level, and I wanted to see if national politics played any role in the economic performance of Columbus and Ohio overall. Now, to put it simply, I really just looked at Bureau of Labor Statistics to see how the economy performed under different administrations. It’s not necessarily going to be a very deep analysis beyond that. In recent surveys, many user responses chose political content as something I should contribute to the site more often. While I do not want to make the site overtly political, I think there can be a balance by using a data-driven approach. This is what I used in past posts relating to politics, from Covid numbers to voting totals.

In any case, we have to determine what administrations we’re going to look at. First, the criteria is that they have to be completed adminisrations, as we will look at entire 4-year periods. The data for the BLS for Ohio goes back to 1976, but only to 1990 for Columbus itself. Therefore, for the state we will use Carter, Reagan, Bush, Clinton, Bush II, Obama and Trump for the state numbers, and Clinton, Bush II, Obama and Trump for city numbers. Will the state numbers follow the same patterns as the city, or not?

For this post, it’s all about Ohio.

Let’s look at the overall stats of each president. These will be Labor Force (people within the job market), Employment (people in the labor force with jobs), Unemployment (people in the labor force without jobs), and Unemployment Rate (percent of the labor force without jobs).

State of Ohio

Labor Force Data

President

Figure at Term Beginning

Figure at Term End

Net Change

% Change

Jimmy Carter (D)

1/1977-1/1981

4,781,086

5,085,673

+304,587

+6.37

Ronald Reagan (R)

1st Term

1/1981-1/1985

5,085,673

5,088,875

+3,202

+0.06

Ronald Reagan (R)

2nd Term

1/1985-1/1989

5,088,875

5,316,349

+227,474

+4.47

George H.W. Bush (R)

1/1989-1/1993

5,316,349

5,478,918

+162,569

+3.06

Bill Clinton (D)

1st Term

1/1993-1/1997

5,478,918

5,684,684

+205,766

+3.76

Bill Clinton (D)

2nd Term

1/1997-1/2001

5,684,684

5,802,000

+117,316

+2.06

George W. Bush (R)

1st Term

1/2001-1/2005

5,802,000

5,851,991

+49,991

+0.86

George W. Bush (R)

2nd Term

1/2005-1/2009

5,851,991

5,960,636

+108,645

+1.86

Barack Obama (D)

1st Term

1/2009-1/2013

5,960,636

5,705,642

-254,994

-4.28

Barack Obama (D)

2nd Term

1/2013-1/2017

5,705,642

5,791,153

+85,511

+1.50

Donald Trump (R)

1st Term

1/2017-1/2021

5,791,153

5,720,805

-70,348

-1.21

Joe Biden (D)

1/2021-1/2025

5,720,805

5,922,243

+201,438

+3.52


Total Labor Force Change by Entire Presidency
1. Bill Clinton: +323,082
2. Jimmy Carter: +304,587
3. Ronald Reagan: +232,676
4. Joe Biden: +201,438
5. George H.W. Bush: +162,569
6. George W. Bush: +158,636
7. Donald Trump: -70,348
8. Barack Obama: -169,483
Total by Party
Democratic: +659,624
Republican: +483,533

Next up, Employment.

State of Ohio

Employment Data

President

Figure at Term Beginning

Figure at Term End

Net Change

% Change

Jimmy Carter (D)

1/1977-1/1981

4,423,538

4,629,708

+206,170

+4.66

Ronald Reagan (R)

1st Term

1/1981-1/1985

4,629,708

4,633,809

4,101

+0.09

Ronald Reagan (R)

2nd Term

1/1985-1/1989

4,633,809

5,032,921

+399,112

+8.61

George H.W. Bush (R)

1/1989-1/1993

5,032,921

5,092,311

+59,390

+1.18

Bill Clinton (D)

1st Term

1/1993-1/1997

5,092,311

5,396,922

+304,611

+5.98

Bill Clinton (D)

2nd Term

1/1997-1/2001

5,396,922

5,577,863

+180,941

+3.35

George W. Bush (R)

1st Term

1/2001-1/2005

5,577,863

5,484,332

-93,531

-1.68

George W. Bush (R)

2nd Term

1/2005-1/2009

5,484,332

5,437,168

-47,164

-0.86

Barack Obama (D)

1st Term

1/2009-1/2013

5,437,168

5,279,345

-157,823

-2.90

Barack Obama (D)

2nd Term

1/2013-1/2017

5,279,345

5,489,730

+210,385

+3.99

Donald Trump (R)

1st Term

1/2017-1/2021

5,489,730

5,370,247

-119,483

-2.18

Joe Biden (D)

1/2021-1/2025

5,370,247

5,651,168

+280,921

+5.23


Total Employment Change by Entire Presidency
1. Bill Clinton: +485,552
2. Ronald Reagan: +403,213
3. Joe Biden: +280,921
4. Jimmy Carter: +206,170
5. George H.W. Bush: +59,390
6. Barack Obama: +52,562
7. Donald Trump: -119,483
8. George W. Bush: -140,695
Total by Party
Democratic: +1,025,205
Republican: +202,425

Now Unemployment.

State of Ohio

Unemployment Data

President

Figure at Term Beginning

Figure at Term End

Net Change

% Change

Jimmy Carter (D)

1/1977-1/1981

357,548

455,965

+98,417

+27.53

Ronald Reagan (R)

1st Term

1/1981-1/1985

455,965

455,066

-899

-0.2

Ronald Reagan (R)

2nd Term

1/1985-1/1989

455,066

283,428

-171,638

-37.72

George H.W. Bush (R)

1/1989-1/1993

283,428

386,607

+103,179

+36.40

Bill Clinton (D)

1st Term

1/1993-1/1997

386,607

287,762

-98,845

-25.57

Bill Clinton (D)

2nd Term

1/1997-1/2001

287,762

224,137

-63,625

-22.11

George W. Bush (R)

1st Term

1/2001-1/2005

224,137

367,659

+143,522

+64.03

George W. Bush (R)

2nd Term

1/2005-1/2009

367,659

523,468

+155,809

+42.38

Barack Obama (D)

1st Term

1/2009-1/2013

523,468

426,297

-97,171

-18.56

Barack Obama (D)

2nd Term

1/2013-1/2017

426,297

301,423

-124,874

-29.29

Donald Trump (R)

1st Term

1/2017-1/2021

301,423

350,558

+49,135

+16.30

Joe Biden (D)

1/2021-1/2025

350,558

271,075

-79,483

-22.67


Total Unemployment Change by Entire Presidency
1. Barack Obama: -222,045
2. Ronald Reagan: -172,537
3. Bill Clinton: -162,470
4. Joe Biden: -79,483
5. Donald Trump: +49,135
6. Jimmy Carter: +98,417
7. George H.W. Bush: +103,179
8. George W. Bush: +299,331
Total by Party
Democratic: -365,581
Republican: +279,108

And finally, the Unemployment Rate

State of Ohio

Unemployment Rate Data

President

Figure at Term Beginning

Figure at Term End

Net Change

Jimmy Carter (D)

1/1977-1/1981

7.5

9.0

+1.5

Ronald Reagan (R)

1st Term

1/1981-1/1985

9.0

8.9

-0.1

Ronald Reagan (R)

2nd Term

1/1985-1/1989

8.9

5.3

-3.6

George H.W. Bush (R)

1/1989-1/1993

5.3

7.1

+1.8

Bill Clinton (D)

1st Term

1/1993-1/1997

7.1

5.1

-2.0

Bill Clinton (D)

2nd Term

1/1997-1/2001

5.1

3.9

-1.2

George W. Bush (R)

1st Term

1/2001-1/2005

3.9

6.3

+2.4

George W. Bush (R)

2nd Term

1/2005-1/2009

6.3

8.8

+2.5

Barack Obama (D)

1st Term

1/2009-1/2013

8.8

7.5

-1.3

Barack Obama (D)

2nd Term

1/2013-1/2017

7.5

5.2

-2.3

Donald Trump (R)

1st Term

1/2017-1/2021

5.2

6.1

+0.9

Joe Biden (D)

1/2021-1/2025

6.1

4.6

-1.5


Total Unemployment Rate Change by Entire Presidency
1. Ronald Reagan: -3.7
2. Barack Obama: -3.6
3. Bill Clinton: -3.2
4. Joe Biden: -1.5
5. Donald Trump: +0.9
6. Jimmy Carter: +1.5
7. George H.W. Bush: +1.8
8. George W. Bush: +4.9
Total by Party
Democratic: -6.8
Republican: +3.9

Presidents Ranked by Ohio Performance Overall Per Average Rank Position
1. Bill Clinton/Ronald Reagan: 2.0
2. Joe Biden: 3.75
3. Barack Obama: 4.25
4. Jimmy Carter: 4.5
5. Donald Trump: 6.0
6. George H.W. Bush: 7.0
7. George W. Bush: 7.5

It seems pretty clear based on this that Ohio does significantly better when Democrats are in the Oval Office. They produced 5x the number of jobs and moved the unemployment rate down by an average of -1.7 points, while Republicans moved it up by an average of almost 1 point. Every single metric measured by the BLS did better under Democrats. Only Reagan really stood out for Republicans while even Carter- regularly derided as a terrible president- did better than all 3 other Republicans on the list. In regards to the two most recent presidents from both parties, Biden clearly had much more favorable numbers than Trump did in his first term.

Now, does this trend translate to the more local level? In an upcoming post, I will examine how the Columbus Metro performed

2024 Housing Market Update

2024 housing market update Columbus house

The 2024 housing market in Columbus was largely one that continued trends of the past several years- generally increasing prices, a shortage of inventory and a quick sales turnaround.

We’ll start this look back by reviewing how the overall metro area and individual county housing markets performed.
2024 housing market update county home sales
Total 2024 Home Sales in the Metro Area: 24526

2024 housing market update home sales change
2024 Home Sales % Change in the Metro Area: +3.07%

2024 housing market update median sales price
2024 Metro Area Median Sales Price: $335,555

2024 housing market update median sales price change
2024 Metro Area Median Sales Price % Change: +5.34%

Both home sales and median sales prices were up in the overall metro area.

Now let’s look at individual sub-markets within the metro.

First, overall sales.
2024 housing market update sub-market sales

2024 housing market update sub-market sales change
2024 housing market update worst sub-market sales

Next up, here is the median sales price data.
2024 housing market update most expensive markets
2024 housing market update least expensive markets

2024 housing market update highest sales price change
2024 housing market update lowest sales price change

And finally, here are the charts for the fastest and slowest-selling markets in 2024.
2024 housing market update fastest-selling markets
2024 housing market update slowest-selling markets

If you don’t see data for the market you are looking for, vist the Housing Reports page of the Columbus Realtors site.

Cool Link Housing Data Comparison

Housing data comparison

A view of permitted residential units in Ohio going back to 1980.

With the Housing Data App, users can access different types of housing data for the state, metro, county and city levels going back to 1980. The housing data comparison can be viewed view residential units permitted, total buildings permitted or overall property values. The data can also be view in total and per-capita.
Additionally, if you prefer, you can compare different cities or counties or states and see how their performance compares over time.

Columbus Casino Most Successful in State




After 4 previous tries, Ohio voters approved a constitutional amendment to allow casinos to operate in the state’s 4 largest cities. Three years after that 2009 vote, casinos began operations in Cleveland, Columbus and Toledo, with Cincinnati’s casino opening the following year in 2013.
The Columbus casino was originally supposed to be built Downtown in the Arena District. Specifically, it was supposed to be built where the Crew’s new stadium now sits. There was quite a bit of opposition to this plan given that casinos provide little to no external business traffic, and the thinking was that it would’ve caused more problems for the neighborhood than what it was worth.
So, the following year, a second statewide vote allowed for the Columbus casino to change locations to the West Side. The site that was chosen was the former Delphi plant, which had been closed since 2007. A bit of hypocrisy and irony was not lot in the demand to move the site, though. The West Side and Westland area were already in late state decline at that point, and proponents of the move claimed that the casino would help the area improve. This claim was made despite the fact that the move was initiated with the idea that it would’ve hurt the Arena District.
Still, the West Side seemed to be all for the move, as a new business- even a casino- was still better than a closed and deteriorating industrial plant.
Columbus’ Hollywood Casino opened on October 8, 2012 after about 2 years of site clearing and construction. While visions of the West Side raking in the benefits never really materialized in reality, the casino itself has gone on to great success in terms of revenue.

Initially, Cleveland- whose own Jack Casino was located in the heart of its downtown- was the highest earner by revenue in the state, Columbus passed it by 2016 and has been the state’s leader ever since.

Columbus casino Cincinnati vs Columbus

Columbus casino Cleveland vs Columbus

Columbus casino Toledo versus Columbus

All the casinos saw a 2020 drop as they were closed for 2 months and had hour restrictions into early 2021 due to the pandemic. Curiously, though, all of the casinos saw a huge increase in revenue over where they were in 2019. I’m not sure if that’s a good thing.

Columbus Area Housing Permits




I talked about housing permits before- almost a decade ago now- and thought it would be a good time to update and expand the information. The following graphs detail Columbus area housing permits as they pertain to new residential units being permitted for construction.

Up first, the below graph shows all permitted units by type for the entire metro area since 1995.
Columbus area housing permits metro area total permits
What most stands out about the graph is how single-family construction dominated until the late 2000s. When the Great Recession hit, it completely changed that dynamic. Since then, multi-family units have mostly been on top in most years, perhaps because more money could be made with them with less financial risk.

Here is the permitted housing type as a % of total permitted units.
Columbus area housing permits % of total units
Between 1995-2010 the average breakdown was 67.46% Single-Family and 32.54% Multi-Family. Since 2010, the breakdown has been 48.16% Single-Family and 51.84% Multi-Family, representing a full 38.6-point margin change towards Multi-Family.

But what about what is actually getting permitted within just the city of Columbus, rather than the entire metro? City-exclusive data is available going back to 1980.
Columbus area housing permits Columbus city permits
The city experienced the same shift as the overall metro, but much more drastically.

The % of total units by type for the city shows that single-family housing has been steadily becoming a smaller part of new construction permits since around 2003.
Columbus area housing permits Columbus % of total units

Finally, let’s break down multi-family permits by total number of buildings per unit count for the city only.
Columbus area housing permits Columbus multi-family buildings
Except for during the 1990s, 5+-unit buildings have been dominant, but it seems that fewer overall buildings are being built despite total units being high, suggesting that project size has increased over the years.