The United States has officially been in “Recovery” since the third quarter of 2009 per BEA Statistics.
Employment has not been so blessed, as BLS figures show.
By John Merline | IBD
Just 16 states have seen job growth since President Obama took office, according to state employment data released Friday by the Bureau of Labor Statistics.
The remaining states have lost a combined 1.4 million jobs since January 2009.
Even 34 months after the recession officially ended in June 2009, there are still 11 states that have fewer people working now than at the start of the recovery.
Meanwhile, 20 states have unemployment rates at or above 8%, including nine with unemployment at 9% or higher, according to the BLS.
The winners and losers come as no great surprise. In first place for job growth, Texas with a net gain of 132,400 jobs (1/4 of all jobs added). In last place, California with a net loss of 284,800 jobs since the “Recovery” was called.
One must wonder why the LSM is not calling this a “Jobless Recovery.”