Search form

Advanced Search
 
Saturday December 20, 2014

New Rutgers Report Examines Nation's Employment, Output Recovery

News Release
Wednesday July 31, 2013

New Rutgers Report Examines Nation's Employment, Output Recovery

Your Source for University News
Most states regain output levels, relatively few recover all lost employment
Editor’s Note:

ATTENTION BUSINESS, ASSIGNMENT EDITORS, Professor Joseph J. Seneca can be contacted at 908-400-4565, or leave a message at 848-932-2818.

Media Contact:
Karyn Olsen
848-932-2814
Steve Manas
732-932-7084 x612

NEW BRUNSWICK, N.J – A new Rutgers Regional Report, “Employment Recession and Recovery in the 50 States: A Further Update,” authored by Joseph J. Seneca, university professor and economist at the Edward J. Bloustein School of Planning and Public Policy, and Will Irving, research associate at the Bloustein School, provides an update on the private-sector employment and output recovery across the 50 states.

By 2012, 45 of the 50 states had output levels – as measured by state private-sector GDP – near or higher than their output in 2007, the year before the recession. In sharp contrast, by June 2013 only nine of the 50 states had regained all the private-sector jobs lost during the recession. The authors provide output growth and employment recovery measures for each of the 50 states, as well as the Census regions and divisions.

The authors note that 31 states continue to have private-sector job recovery rates that lag behind that of the nation (81.7 percent). Within those 31 states, 10 have not yet recovered half of their job losses, indicating a need for national and state economic policies to focus on both on improving the rate of job growth and on broadening its distribution across the country.

Read the complete report.

Editor’s Note:

ATTENTION BUSINESS, ASSIGNMENT EDITORS, Professor Joseph J. Seneca can be contacted at 908-400-4565, or leave a message at 848-932-2818.

Media Contact:
Karyn Olsen
848-932-2814
Steve Manas
732-932-7084 x612
Your Source for University News