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Local 174 News  States Struggle to Survive Jobs Recession6/24/2004Despite May’s modest job growth, thirty-five states still have fewer jobs than when the recession started in March 2001, according to a recent report by the Economic Policy Institute’s (EPI) Job Watch report. The numbers in some states are startling. North Carolina, for example, has 96,600 fewer jobs than it did when the recession started, while Pennsylvania has 97, 600 fewer jobs. The report goes on to show that since the recession began, job growth in 49 of the 50 states has failed to keep up with the growth of the working age population, explaining higher unemployment rates in 47 states. The report points out that the latest numbers indicate the Bush administration’s job growth projections from their tax cuts have fallen well short of expectations. According to the EPI, the national economy has come up over two million jobs short of projections, with only one state, Hawaii, ahead of projections. |
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