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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jun 04, 2012
Page
5
May job data show 54,000 new positions amid slowing growth. Unemployment edges up to 9.1 percent as economists warn the rebound remains muddled with weak private hiring and state cuts. Energy prices drop may lift consumer spending later.
President Obama tours a Chrysler plant in Ohio praising the auto bailout while the Bureau of Labor Statistics shows May jobs rose just 54,000 and the unemployment rate at 9.1 percent. Republicans decry the omission of payroll data as the White House frames the auto turnaround as proof of recovery.
Shoppers on Lincoln Road in Miami Beach report higher clothing costs as cotton prices surge 20 to 30 percent due to crop losses in Pakistan Australia and China. Levi Strauss raises wholesale prices while low cost cotton staples rise, though high end designer jeans show smaller impact. Local retailers vary in effect with some noting little change at luxury price points.
Lorain County Engineer Ken Carney announces the Parsons Road Bridge 0435 Replacement Project in Carlisle and LaGrange Townships beginning June 6 2011 with a 90 day window. EMU Trucking awarded at 18686250 funded 89 percent by the Ohio Public Works Commission and 11 percent by the County Engineer. Parsons Road closed between S R 301 and Whitehead Road with detour signs posted.
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