The Geography of Jobs: Mapping the Recovery
The global recession of the late 2000’s had major economic and employment implications for the world. In fact, the recession caused the American economy to lose 5.4% of its total jobs. To date, only 16 states out of 50 currently have higher employment rates than prior to the recession. Overall, Americans have been struggling to find work, but some states and industries have had an easier time than others.
The American oil boom has been incredibly beneficial to the US economy and job market. Between December 2007 and April 2014, mining and oil employment increased from 171,000 to 852,000. The American south has seen the most significant economic gains, as shale oil technology has become more prevalent in tapping previously inaccessible oil reserves.
Americans are migrating to where there are opportunities; states that lack adequate opportunities saw a considerable drop in population. States such as New Jersey, Maine, New Mexico, Connecticut, Michigan, Rhode Island, and Illinois all lost population to domestic migration. On the other end of the spectrum, Texas – a state that is benefiting from oil’s growth, added 400,000 people to its population in the last three years.
To learn more, take a look at this report by Deloitte University Press.
