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Entries in Peak Employment (1)

Tuesday
Nov152011

When Will Your State Return to its Peak Employment? Here's A Breakdown

IHS Global Insight(WASHINGTON) -- Regional economists from respected analytics firm IHS Global Insight have compiled their predictions as to when states will return to their “peak” level of employment.

The national unemployment rate averaged 5.3 percent in the eight years under President Bush, but has been stuck around 9 percent or higher for more than two years. For residents of most states, the situation will remain grim, according to the data.

Oil boom state North Dakota got back to its peak level in the first quarter of 2010. Alaska crossed the mark in the third quarter of 2010. Michigan, Rhode Island and Nevada are literally off the chart – economists are only willing to say they’ll be back sometime after 2017.

Here’s the state by state breakdown:

State - Expected recovery (year/qtr)
AL - 2016/Q1
AK - 2010/Q3
AZ - 2016/Q2
AR - 2014/Q1
CA - 2016/Q2
CO - 2014/Q4
CT - 2016/Q4
DE - 2016/Q2
DC - 2010/Q2
FL - 2016/Q3
GA - 2016/Q2
HI - 2015/Q2
ID - 2015/Q2
IL - 2015/Q3
IN - 2015/Q3
IA - 2014/Q1
KS - 2014/Q4
KY - 2014/Q3
LA - 2013/Q4
ME - 2015/Q3
MD - 2014/Q2
MA - 2013/Q4
MI - past 2017
MN - 2014/Q2
MS - 2015/Q3
MO - 2015/Q3
MT - 2014/Q1
NE - 2012/Q3
NV - past 2017
NH - 2014/Q3
NJ - 2015/Q3
NM - 2015/Q2
NY - 2013/Q2
NC - 2015/Q3
ND - 2010/Q1
OH - 2016/Q4
OK - 2013/Q3
OR - 2015/Q3
PA - 2013/Q4
RI - past 2017
SC - 2015/Q2
SD - 2012/Q4
TN - 2015/Q1
TX - 2012/Q1
UT - 2013/Q4
VT - 2013/Q4
VA - 2014/Q3
WA - 2014/Q4
WV - 2013/Q3
WI - 2014/Q4
WY - 2014/Q3

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