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Notwithstanding
recent national job growth, most states still have fewer jobs than
when the recession started in March 2001. In fact, most states have
not seen strong enough job growth to make a significant dent in
their weakened job markets.
Over
three years after the start of the recession, and 29 months into
the official economic recovery, most states still have not recovered
the jobs they lost. Thirty-five states have fewer jobs than when
the recession started, and the shortfall is widespread, from Michigan
(-206,100 jobs) to Washington (-21,300), and from Arkansas (-13,000)
to Maine (-2,400).
Simply
looking at the number of jobs, however, understates the severity
of the shortfall. In 49 states jobs have failed to keep up with
growth in the working-age population since the recession started.
Even since the recession ended—during what is supposed to be a recovery—46
states have lost ground relative to working-age population growth.
Unemployment rates, which are higher in 42 states than when the
recession began, offer another glimpse into state-level labor market
pain.
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