Economy

Most of 7 States That Have Lost Jobs Since Recession Are Shrinking

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Seven states have lost jobs since the Great Recession, a comparison that dates from 2007 to 2017. Most of these states also have shrinking populations, according to an analysis by 24/7 Wall St.

The study of states that have lost jobs over the past decade was done by job site CareerBuilder.

Most of the CareerBuilder data come from economic analysis company Emsi. The CareerBuilder study shows that the following seven states have lost jobs over the measured period:

Alabama: 62,637 fewer jobs – 3 percent – in 2017 than in 2007
West Virginia: 33,428 fewer jobs – 4 percent – in 2017 than in 2007
Mississippi: 26,666 fewer jobs – 2 percent – in 2017 than in 2007
New Mexico: 23,422 fewer jobs – 2 percent – in 2017 than in 2007
Connecticut: 19,781 fewer jobs – 1 percent – in 2017 than in 2007
Wyoming: 13,257 fewer jobs – 4 percent – in 2017 than in 2007
Illinois: 11,682 fewer jobs – 0.2 percent – in 2017 than in 2007

The 24/7 Wall St. story The Fastest Shrinking States shows that eight states have lost population in the period from July 2015 to July 2016.

  • New York lost 0.01% of its population.
  • Mississippi lost 0.02%.
  • Pennsylvania lost 0.06%.
  • Wyoming lost 0.18%.
  • Connecticut lost 0.23%.
  • Vermont lost 0.24%.
  • Illinois lost 0.25%.
  • West Virginia lost 0.54%.

The overlap between the data from CareerBuilder and 24/7 Wall St. is five out of seven states.

While there is no proof that the job loss and population loss are directly related, it would appear that there might be some correlation. The 24/7 Wall St. data and CareerBuilder data also cover different periods.

The 24/7 Wall St. information gives a broader shift in population analysis:

A number of common factors affect migration patterns throughout the country. Americans move for economic and educational opportunities as well as quality of life factors such as environment and cost of living.

Is lack of economic and educational opportunities a reason a state’s number of jobs would disappear? It makes sense that it would be a contributing factor.

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