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These 7 states still have fewer jobs than before the recession

Scorpio

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#1


These 7 states still have fewer jobs than before the recession


By Jacob Passy
Published: Mar 10, 2018 6:51 a.m. ET



The labor market’s recovery hasn’t benefitted all states equally



Getty Images/iStockphoto


Alabama’s economy still has 62,637 fewer jobs than it did back in 2007.
At the national level, the unemployment rate hovers at a 17-year low of 4.1%, as the economy continues to add hundreds of thousands of jobs each month. But for some states, the job market recovery has remained rather lackluster.

In seven states, the number of jobs being filled still lags behind the levels set in 2007 before the Great Recession, according to a recent report from Emsi, the labor market analysis division of jobs website CareerBuilder.

Of those states, Alabama is the worst off, with 62,637 fewer jobs in 2017 relative to 2007 levels, representing a 2% deficit.

Other states that still have ground to make up in terms of their labor market included West Virginia (33,428 fewer jobs), Mississippi (26,666 fewer jobs) and New Mexico (23,422 fewer jobs).

These states were among those that were hardest hit by the recession, and their continued struggles could be in part a reflection of the continued weakness of their economies. Some of the largest cities in Alabama, for instance, has been beleaguered by low levels of job security.

States that haven’t fully recovered from the Great Recession
State
Size of job deficit Percentage of jobs still lost, per 2007 levels

Alabama 62,637 3%
West Virginia 33,428 4%
Mississippi 26,666 2%
New Mexico 23,422 2%
Connecticut 19,781 1%
Wyoming 13,257 4%
Illinois 11,682 0.2%


Source: CareerBuilder
West Virginia has been described as being in “an economic death spiral,” thanks to its crumbling coal mining industry.

Brain drain is another factor: Mississippi had the highest rate of out-migration in the South among people under the age of 40 with a college degree.

Meanwhile, the country’s most populous states have rebounded most successfully. Texas had the largest net increase in jobs, with nearly 1.7 million more jobs in 2017 versus 2007, followed by California, New York and Florida.

Other states that had notable increases in the number of jobs include Washington, Colorado and Massachusetts.

Notably, many of these states have particularly vibrant tech industries, which have helped to fuel the demand for jobs in cities like San Francisco, Austin and Seattle.

The Emsi report also analyzed the occupations that have experienced the most workforce growth since the financial crisis. Registered nurses came out on top, followed by waiters and home health aids.

https://www.marketwatch.com/story/t...wer-jobs-than-before-the-recession-2018-03-10
 

Usury

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Hmmm....haven’t noticed that here in AL myself. Perhaps they’re some steel/coal jobs in the mid/lower part of the state that are gone (wonder if any will return with tariffs?). We’ve definitely added a ton of auto production jobs throughout the state in the past ten-fifteen years. Different factories (auto and many others) around here are desperately looking for full-time workers with benefits in the $12-$20/hr wage—which isn’t too shabby for unskilled labor. A person can live well here on $20/hr.

Really though the article is pure rubbish IMO. Even state stats show unemployment now is the lowest in the 40 years of data available—see below and at site.

http://www2.labor.alabama.gov/LAUS/ALSA76-17.pdf

Wonder what the agenda of the author of the article could be? Sounds like Trump-hate to me. They’re desperately losing looking for some sliver of “bad news” to twist perceptions.
 

Usury

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AB8E9F32-8923-47B0-96FD-CF0B44AF7577.jpeg
Yeah just read the Marketwatch front page headlines and it’s pretty obvious. If that doesn’t convince you then perhaps this chart they’ve posted about which media outlets are “fair” will.
 

FunnyMoney

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Hmmm....haven’t noticed that here in AL myself. Perhaps they’re some steel/coal jobs in the mid/lower part of the state that are gone (wonder if any will return with tariffs?). We’ve definitely added a ton of auto production jobs throughout the state in the past ten-fifteen years. Different factories (auto and many others) around here are desperately looking for full-time workers with benefits in the $12-$20/hr wage—which isn’t too shabby for unskilled labor. A person can live well here on $20/hr.

Really though the article is pure rubbish IMO. Even state stats show unemployment now is the lowest in the 40 years of data available—see below and at site.

http://www2.labor.alabama.gov/LAUS/ALSA76-17.pdf

Wonder what the agenda of the author of the article could be? Sounds like Trump-hate to me. They’re desperately losing looking for some sliver of “bad news” to twist perceptions.
 

southfork

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The only ones that recovered from the recession are the top 5%, everyone else is being eaten alive by the non existent inflation. 2% for SS cola, my homeowners just went up over 100 a year about a 7% increase. Taxes up around 5%, car insurance up 4%, it doesnt end.