Overall, annual employment grew over this period by approximately 1.13%. At an annual growth of 0.80%, Swing states are doing most poorly. But significantly Blue states are doing far poorer than Red states.
Assuming an unemployment rate of 8.2% of the work force, and an annual employment rate increase of 1.133% it would take a mere 13.5 years to bring the USA back to normal employment levels. Here we ignore population increase, underemployment, and other factors - data that is not quite reliable and significant and yet dramatically increases the time recovery factor.
A couple of points:
- There is little wonder Swing states are just that, states swinging and wondering about their future.
Read more: http://www.americanthinker.com/blog/2012/07/blue_red_and_swing_states_the_employment_data_does_not_lie.html#ixzz20Ccf7Skr
