The Division of Unclaimed Funds is reuniting Ohioans with their lost treasure. In Fiscal Year 2012, the Division paid 58,953 claims, a 27.5% increase over the prior fiscal year.
The Division returned $61.1 million in FY 2012, a .3% increase over the prior fiscal year. The average paid claim was $1,037.
“Through aggressive outreach, the Division of Unclaimed Funds is working to reunite even more Ohioans with their hard-earned money,” said David Goodman, Director of the Ohio Department of Commerce. “These funds boost our economy as Ohioans use the funds to buy a tank of gas, pay off some bills, make needed home repairs, enjoy a vacation or expand a business.”
Unclaimed funds consist of monies or the right to monies that have been dormant or forgotten. These funds are reported to the State of Ohio for safekeeping until the rightful owners can be found. Some common examples include: dormant checking and savings accounts, forgotten rent and utility deposits, uncashed checks, undelivered stock certificates, and uncashed insurance policies.
The Division marked its 30th anniversary in January and encouraged Ohioans to step forward and claim their unclaimed treasure. Since the Division was created in January 1982 through June 30, 2012, it has paid more than 857,000 claims worth $862 million.
In FY 2012, the Division expanded its outreach focus to Ohio’s schools as part of Governor John R. Kasich request to every department in his administration to find ways to help local governments without further burdening taxpayers. During the fiscal year, the Division returned approximately $111,000 to 69 schools.
The Division’s Online Treasure Hunt at www.unclaimedfundstreasurehunt.ohio.gov continues to be a popular means for Ohioans to search for unclaimed funds and to initiate the claims process. Approximately 84% of all claims initiated in FY 2012 were through the search function on the Division’s website.
The Division added a new customer service feature to its website this year that allows claimants to check on their claim’s status while it is being reviewed.
The obamanation about the jobs
by Daniel Downs
Last week, the media prophets of the left attempted to make the Obamanable economy look better than it actually is. They used the opening paragraph of the Bureau of Labor Statistic’s monthly jobs situation report out of context. Like all proof-texting, they lifted the “good news” out-of-context in order to proclaim Obama’s stimulating policies were at last working.
Here is the opening statement of the BLS jobs report:
“The unemployment rate decreased to 7.8 percent in September, and total nonfarm payroll employment rose by 114,000.”
The unemployment rate in August was 8.1 percent resulting in a 0.3% decrease, and number of unemployed persons decreased 456,000 to 12.1 million. The number job losers and persons unemployed more than 5 months also decreased.
All good news for the economy, right?
Well, let’s look at the above total nonfarm employment increase figure of 114,000. The BLS jobs report showed job creation declined 41% from July to August. New jobs were added at a modest rated of 7% between August and September. The opposite was the case for government jobs. From July to August, the growth of government jobs increased 250 percent, but the rated decreased to 78% from August to September.
The Obamaites might have reason to celebrate the growth jobs, especially government jobs.
However, their rejoicing will not last long.
The problem is with part-time jobs. Part-time employment increased by 7 percent, the same rate as new private sector jobs.
Although employment is growing some, job growth under the Obamaite administration is still not all that great.
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Tagged jobs