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Blue States Slowest at Returning to Pre-Recession Employment


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http://bizbeatblog.dallasnews.com/2013/09/ihs-global-more-states-will-return-to-pre-recession-employment-levels-by-years-end-texas-is-already-there.html/

 

 

 

Just 18 U.S. states will return to their pre-recession employment by the end of 2013 — six years after the start of the Great Recession, IHS Global Insight economists predicted today.

Some states, including Alaska, New York, North Dakota and Texas, returned to their pre-recession employment in the last two years. Some states, such as Texas, never fell as hard in the recession, their housing market rebounded faster and they benefited from a resurgence in the oil and gas industry.

Florida, which was hit hard by the collapse of the housing market, won’t return to its peak employment until late 2016, estimated James Diffley, chief U.S. regional economist for the Lexington, Mass.-based economics research firm.

He also predicts that three states – Michigan, Nevada and Rhode Island – won’t return to peak employment until 2018 or later. During the recession, manufacturing suffered a major setback in Michigan and Rhode Island and Nevada’s economy was hit hard by the housing crisis.

IHS expects unemployment rates to remain high through the end of the year as discouraged job seekers re-enter the workforce. It forecasts that nearly half of all states will have an unemployment rate of 7 percent or higher by the end of the year.

Texas’ rate already is below that level: It was 6.5 percent in July, nearly one full percentage point lower than the national rate that month. August data for Texas is due out on Friday.

 

Someday people will learn, if they want jobs Republican is the way to vote.

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It makes sense that blue states would be slower in recovering, because they comprise a good fraction of the Rust Belt, whose jobs were shipped overseas and replaced by lower-paying service jobs. Red states are more likely to be ag states, more likely to retain job security.

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It makes sense that blue states would be slower in recovering, because they comprise a good fraction of the Rust Belt, whose jobs were shipped overseas and replaced by lower-paying service jobs. Red states are more likely to be ag states, more likely to retain job security.

 

Translated into honest English: you'll bleat whatever nonsense that pops into your empty little troll head to make excuses for Democrats. :glare:

 

And ignore basic, accepted Economics.

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It makes sense that blue states would be slower in recovering, because they comprise a good fraction of the Rust Belt, whose jobs were shipped overseas and replaced by lower-paying service jobs. Red states are more likely to be ag states, more likely to retain job security.

I'm not sure if your statement qualifies as a lie or you're just a victim of listening and reading too much Liberal propaganda. While the Blue states are standing around scratching their a55es and picking their noses Red states are booming, quit kidding yourself it's really happening. I live in a Red state and ag is a part of our economy but just a part, business is booming here and things are growing like crazy, it's got both good and bad points. Off the top of my head we now have Frito Lay, Alberto Culver, Butterball, Hytrol, Thomas Betts, Mack Trucks, Uni-Lever, Stouffers, 2 huge steel mills with a third on the way, a new power plant with a second being built down on the river and a new bridge scheduled to be built all withing 30 miles of my shop. Hell you can go a few more miles and find Fed-Ex, Smith & Nephew, Nike, Toyota, Nissan and too many others to list. New homes and restaurants are popping up all over the place, new road construction is EVEYWHERE and banks are being built on almost every corner available. I kinda miss small town life but I'll either get used to it or move away. I could do without the casinos sprouting up but I understand they're just chasing the money. You keep kidding yourself that Red states are all about ag and the jobs will keep coming here. The only factory I can remember leaving here was Lincoln Electric and that's because some union reps came down here and tried to get the employees to vote in a union, the factory warned them not to even let the issue come to a vote, the vote took place and even though the majority voted "no" to the union the factory closed down and 3K jobs were lost. We here in these Red states don't need or want all the Progressive bs because we understand that's what your problem is.

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It makes sense that blue states would be slower in recovering, because they comprise a good fraction of the Rust Belt, whose jobs were shipped overseas and replaced by lower-paying service jobs. Red states are more likely to be ag states, more likely to retain job security.

 

The rust belt jobs didn't just move overseas. They're moving to the Sun Belt....aka the South....aka Red States.

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It makes sense that blue states would be slower in recovering, because they comprise a good fraction of the Rust Belt, whose jobs were shipped overseas and replaced by lower-paying service jobs. Red states are more likely to be ag states, more likely to retain job security.

 

Don't you find it somewhat ridiculous though, that in a city such as Detroit where a home can be purchased with a debit card, that there aren't individuals using that extremely low start up cost to start new businesses?

 

The entire reason that growth typically after a recession is higher is because as the economy slides backwards more and more individuals are able to get their shot, and certainly if you mean to manufacture anything in the US Detroit is probably by far the cheapest area to do it in.

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It makes sense that blue states would be slower in recovering, because they comprise a good fraction of the Rust Belt, whose jobs were shipped overseas and replaced by lower-paying service jobs. Red states are more likely to be ag states, more likely to retain job security.

Those jobs gone overseas thanks to dimocrat bill Clinton.
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