ITIF: 2012 State New Economy Index

More than three years on from the end of  the Great Recession, only six states have  regained employment levels enjoyed prior to the recession, and 17 states are still more than 5 percent below their pre-recession employment levels. As many state economies continue to struggle through the lingering effects of the Great Recession, a question commonly asked is, “What is this seemingly invisible force that prevents the economy from returning to pre-recession and especially 1990s growth rates?” In
other words, why is it that, despite massive monetary and fiscal stimulus, employment seems locked in persistent malaise?

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Filed under: Studies
Posted on 12/30/2012 & last modified on 8/25/2014

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