Posted on: October 14, 2016
Take a look at October’s Regional Snapshot to gear up for the election and see how our economy has improved since the recession. Check out the highlights below, or download the entire report here (PDF).
- Nationally, recovery with expansion continues
- Gross Domestic Product (GDP) is recovering since the recessionary trough, and employment has as well, but progress has been slow
- Productivity and wage trends (negative, generally) have held growth back
- Locally, overall recovery in jobs and the unemployment rate overall mirror that seen in the nation—with some local areas lagging
- Locally and nationally, significant issues remain
- Higher unemployment rates for minorities and less-educated populations
- Concentration of job growth in lower-income sectors, which pay lower wages
- Leading indicators (e.g. job postings, patents, and forecasts) demonstrate potential for growth in higher-wage sectors
You can also scroll through the slide deck below:
