Thursday, October 9, 2014

U.S. Job Market Recovers Unevenly State by State via Businessweek

Kevin Yearout has added about 80 jobs at his Albuquerque contracting company since July 2013. That still leaves him with fewer than half the 750 workers he employed in 2009. “The economy went very south very quickly,” says the co-owner of Yearout Mechanical. “It has been a very slow climb back.”

The U.S. economy achieved a milestone in May with employment exceeding the all-time high in January 2008. Yet 29 states have not recovered all the jobs they lost in the recession, according to U.S. Department of Labor data. “This is not like any other recovery,” says John Herrmann, director of interest rate strategy at Mitsubishi UFJ Securities (USA). “There is a tremendous disparity, with the performance of the economy much more skewed on a regional basis.”

Read more...U.S. Job Market Recovers Unevenly State by State - Businessweek

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