This first unemployment chart, from McKinsey, shows how long it will take for U.S. jobs to return to their pre-recession peak at the current pace of recovery:
And this chart, from IHS Global Insight, looks at this issue on a state-by-state basis (sorry, Nevada, Michigan, and RI):
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Categories: Economic Policy, U.S. Economy | Tags: Obamanomics, unemployment
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Gosh, what’s that grey state up near the border? What’s going on there? Must be Obama’s green energy jobs.
Jane- Aside from your idiotic statement. That grey state up there would be North Dakota where employment is in full swing due to Oil there. Below North Dakota is South Dakota. A simple lesson in geography would do you wonders. Seems those who are against Obama are the ones who are too ignorant for words anyway.
Pretty optimistic on Kalifornia’s recovery. I live here and until the democrat party is out of power there is no recovery. This fiscal year is not half over and the state is already $2 billion more in debt than our super smart governor predicted. Business is leaving the state at 20 per week rate. We have the most onerous regulations and the highest taxes.
My personal projection is that the standard of living in Mexico will surpass Kalifornia’s in less than seven years.
One has to return to the last ultra-progressive administration–FDR–to find such anemic economic response. One can be tempted to state that progressives are such morons as to never learn from history but nothing could be farther from the truth. In fact, progressives only care about power and all progressive administrations are about cancerous growth of government power, nothing else.
I hope it’s not a shock to anyone that the more conservative states are expected to recover faster. Amazing how being business-friendly helps business.
Why is it the last three recessions have been the worst?
( . . . he asked, rhetorically.)
go to gfaonline.info
they’re hiring
I wonder what the growth rate would have been if the credit ceiling had been raised.
What are you talking about. It was raised.