Michigan, Nevada and Rhode Island will probably have to wait another six years before they are back to the number of jobs they had before the recession struck, according to economists at IHS Global Insight.
These analysts have projected when each state will likely return to its past peak employment, as shown in the map below:
Source: IHS Global Insight.
Across the country, there are 4.7 percent fewer jobs today than there were when the recession began in December 2007. And remember that the United States population has grown in the last five years, so if the economy were healthy there would be more jobs today than there were then. This analysis only models when we’ll be back to square one.
Only Alaska, North Dakota and the District of Columbia have recovered the jobs they lost during the recession. Those places have actually surpassed their previous employment peaks as well.
Article source: http://feeds.nytimes.com/click.phdo?i=afb24b3323f1b058749e03710abe8f00
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