The Labor Department reported in the beginning of October that over 100,000 jobs were created in September and that the job market seemed to be picking up. Reports may show optimism in numbers, but how do American workers and the unemployed actually feel about the job market today?
An article in The Takeaway discussed how American’s are still clearly feeling the economic pain. Economists have stated that the recession ended in 2009, but today there are nearly 5 percent fewer jobs than when the recession began, reports the Takeaway. On top of that, a recent poll from Gallup shows that Americans are more pessimistic about the job market now than in the past 10 years. Furthermore, a whopping 90 percent of Americans feel that right now is a bad time to find a job. Instead of looking at the current numbers and thinking that the recession is over and jobs are flourishing, economists at IHS Global Insight created a map that predicts when each state in the United States will be fully recovered from the job loss they suffered during and after the recession.
According to the map, only Alaska, Washington D.C. and North Dakota have fully recovered from the recession and are surpassing their previous employment peaks. Take a look at the map to see where the rest of the country is and predicted to be in the next couple of years.
Gallup’s Poll Results on How American’s Currently Feel About the Job Market:
SOURCE: The Takeaway
Image: Courtesy of IHS Global Insight/New York Times