Two-Thirds of U.S. States Still Haven’t Recovered Jobs Lost in the Recession

| By More

Reports published by the United States Department of Labor show the U.S. economy finally regained all jobs lost in the 2007-2009 recession. However, the increase has been slow and uneven across the country, leaving two-thirds of states below their peak total payroll. 

According to numbers published by the Department of Labor, employers added 217,000 jobs in May, marking the final milestone in the recovery of 8.7 million jobs lost in the recession. 

Despite picking up momentum, the labor market’s recovery is uneven across the nation. Only seventeen states plus the District of Columbia had more jobs in May than at their height before or during the recession. The remaining 33 states, plus Puerto Rico and the Virgin Islands reported numbers below their previous peaks. 

The disproportionate distribution of employment has pushed millions of Americans to move in search of work. Texas, for instance, has added more than 1.3 million jobs since December 2009. Other states like North Dakota, have surpassed their prior peaks due to the oil-and-gas extraction boom. Employment website reports an increase in job postings within the IT/technology, financial and insurance industries. 

Category: Employment News

Comments are closed.